Warren Buffett reportedly steps down as Berkshire Hathaway chairman, succeeded by son Howard

iHeart reports that the 96-year-old investor expressed confidence in Berkshire’s future and that new CEO Greg Abel remains aligned with his investment philosophy.

Warren Buffett Berkshire Hathaway

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Warren Buffett has stepped down as Berkshire Hathaway chairman, with his son Howard succeeding him, iHeart reports. The report says Buffett, 96, expressed confidence in the company’s future after six decades at the helm. It also describes new CEO Greg Abel as continuing to follow Buffett’s investment philosophy.

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