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Warren Buffett Is Stepping Down as Berkshire Hathaway’s Chairman

Warren Buffett handed over the CEO reins to Greg Abel at the start of the year.Credit: Investopedia / Photo Illustration by Alice Morgan / Getty ImagesKey TakeawaysWarren Buffett is stepping down from his role as Berkshire Hathaway’s chairman and will become chairman emeritus.Buffett’s son Howard will replace his father as chairman, the company announced Friday.Warren Buffett is transitioning to another role at Berkshire Hathaway, the investment giant announced this morning.Buffett, who turned 96 last month, will become chairman emeritus and remain a member of the board. Buffett’s son Howard…

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