Warren Buffett Steps Down as Berkshire Hathaway Chairman

Warren Buffett has stepped down as chairman of Berkshire Hathaway, according to a report by Al Jazeera.

The report said Buffett will assume the role of chairman emeritus immediately, while his son, Howard Buffett, will become the company's new chairman.

Details on the transition, including its effective date and any further changes to Berkshire Hathaway's leadership structure, were not immediately available beyond what was reported by Al Jazeera.

Berkshire Hathaway has not issued a separate statement confirming the change at the time of this report.