Warren Buffett is stepping down as chairman of Berkshire Hathaway
Warren Buffett is stepping down as chairman of Berkshire Hathaway and becoming chairman emeritus, effective immediately.
Johannes EISELE / AFP via Getty Images
Warren Buffett is stepping down as chairman of Berkshire Hathaway, the company said on Friday.
In a statement, the company said Buffett had been named chairman emeritus, effective immediately, and will remain a member of the board of directors.
He will be replaced by his son, Howard Graham Buffett, the release said.
This is a developing story. Check back for updates.
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