Warren Buffett has stepped down as Berkshire Hathaway chairman, with Howard Buffett taking over and Greg Abel remaining CEO. The move advances a long-planned succession while raising sharper investor focus on capital allocation and execution.

Warren Buffett is stepping down as chairman of Berkshire Hathaway, after more than 60 years guiding the firm that turned him into a household name.

Berkshire Hathaway said on Friday (Sep 18) that Warren Buffett will step down as chairman and become chairman emeritus, effective immediately, nine months after handing the CEO reins to longtime lieutenant Greg Abel.The company named his son, Howard Buffett, a director since 1993, as chairman.

Berkshire Hathaway said on Friday (Sep 18) that Warren Buffett will step down as chairman and become chairman emeritus, effective immediately, nine months after handing the CEO reins to longtime lieutenant Greg Abel.The company named his son, Howard Buffett, a director since 1993, as chairman.

Warren Buffett is stepping down as chairman of Berkshire Hathaway in the next step of the transition at the top of the $1 trillion conglomerate he led for more than six decades.