Warren Buffett Steps Down as Berkshire Hathaway Chair After Five Decades
The 96-year-old investor becomes chair emeritus, with son Howard Buffett taking over as chair in a long-planned succession.
Warren Buffett is stepping down as chair of Berkshire Hathaway after serving in the role at the conglomerate for more than 50 years, the company announced on Friday, according to The Guardian.
Buffett, 96, will become chair emeritus, taking on the new role immediately, the company said. He will remain a director of Berkshire Hathaway.
His son, Howard Buffett, will become Berkshire Hathaway's new chair, the company said, describing the move as part of a long-planned succession.
Howard Buffett has served on the Berkshire Hathaway board since 1993, according to the report.
Sources
- Warren Buffett steps down as chair of Berkshire Hathaway after over 50 years — The Guardian — Business
EGazette summarizes reporting from multiple sources; follow the links for the originals.
Related articles
Buffett Steps Down as Berkshire Hathaway Chairman, Hands Role to Son Howard
The move marks a further step in Warren Buffett's succession plan aimed at preserving Berkshire Hathaway's culture, according to CNBC.
Warren Buffett Steps Down After Six Decades Leading Berkshire Hathaway
The billionaire investor, who took control of the company in 1965, said "Father Time always wins" as he ended his tenure at the helm.
Tata Sons Faces Boardroom Tensions Over Chairman's Reappointment and Public Listing Demand
BBC News reports that a dispute has intensified within Tata Sons' boardroom over the reappointment of its chairman and a directive requiring the company to go public.
Report Points to Emerging Boardroom Tensions at Tata Group
CNBC reports a power struggle is developing at India's Tata Group, a decade after its last major leadership upheaval.
Dangote Refinery's $1.6 Billion Share Offer Seen as Out of Reach for Many Nigerians
Africa's richest man, Aliko Dangote, is seeking $1.6 billion from investors to fund a major expansion of his oil refinery, but analysts say the offer may be unaffordable for ordinary Nigerians.
Venezuela's PDVSA Signs Energy Cooperation Deal with TotalEnergies Subsidiary
Acting President Delcy Rodriguez oversaw the signing of an agreement between state oil company PDVSA and TotalEnergies E&P New Ventures in Caracas, according to Anadolu Agency.
Comments
Loading comments…