Warren Buffett stepping down as chairman of Berkshire Hathaway: 'Father Time always wins'

Mr. Buffett, 71, is succeeding his father, Warren, but will not be running the company’s day-to-day operations.

Warren Buffett is stepping down as Berkshire Hathaway chairman effective immediately. The 96-year-old billionaire's son, Howard, will become Berkshire's new chairman.

Warren Buffett is stepping down as chairman of Berkshire Hathaway after serving in the role at the $1 trillion conglomerate for more than 50 years.

Warren Buffett is stepping down as Chairman of Berkshire Hathaway Inc. and will be replaced by his son Howard. The billionaire will become chairman emeritus of the company, effective immediately. Alex Rajbhandari reports. (Source: Bloomberg)

Warren Buffett announced he is stepping down as chairman of Berkshire Hathaway after 60 years at the firm. Investopedia editor-in-chief Caleb Silver breaks down how Buffett has impacted the investment world.

Warren Buffett stepped down as chairman of Berkshire Hathaway, the company announced in a statement published early on Friday, having served in the role since 1970.

“Father Time always wins,” the legendary investor said. Buffet will become Chairman Emeritus while his son Howard takes over as chair.

Warren Buffett is stepping down as chairman of Berkshire Hathaway after serving in the role for more than 50 years. His son, Howard, will become Berkshire Hathaway's new chairman

Warren Buffett will step down as chairman of Berkshire Hathaway, less than a year after handing over the CEO reins, the company said Friday. The big picture: The "Oracle of Omaha" is 96, and his insurance-to-railroads conglomerate is moving onto a new generation, with his son Howard as chairman. This is breaking news. Check back for updates.

Warren Buffett announced Friday he will step down as chairman of Berkshire Hathaway, the company he has led for over 60 years. The billionaire investor, who recently turned 96, will remain on the company’s board as chairman emeritus. He named his son, Howard G. Buffett, as the next chair, effective immediately. In a letter to…

Buffett's son, Howard, will replace him as chairman as dictated by a long-standing succession plan, Berkshire said.

Warren Buffett stepped down as chairman of Berkshire Hathaway on Friday, ending a six-decade run at the helm of the conglomerate he built from a struggling textile company into one of the world’s most valuable businesses. Buffett, 96, will become chairman emeritus and remain on Berkshire’s board of directors, the company announced. His son, Howard […]

"Father Time always wins."