Berkshire Hathaway said on 18 September that Warren E. Buffett is chairman emeritus effective immediately and that Howard G. Buffett, a director since 1993, is the new chairman. Buffett remains a director. NBC News notes the move comes eight months after Greg Abel became chief executive. Buffett wrote that Father Time always wins, that he has served since 1965, and that he became chairman in 1970.
The Omaha release says Warren E. Buffett has been named chairman emeritus, effective immediately, and Howard G. Buffett has been elected chairman. Buffett remains a director. Susan L. Decker continues as lead independent director. NBC News reports the same succession on 18 September. Those figures and proper names sit in that same-day article and attach to this event only.[1], [2]
NBC News says Buffett is stepping down as chairman after more than 60 years, eight months after he handed the chief executive job to Greg Abel. The company release says Buffett has served Berkshire since 1965. Buffett's letter, quoted by NBC, says Father Time always wins and that he became chairman in 1970. Those figures and proper names sit in that same-day article and attach to this event only.[2], [1]
Chief executive Greg Abel said Howard Buffett would be guardian of the culture, in the company release. Howard Buffett has been chairman and chief executive of the Howard G. Buffett Foundation since 1999; the foundation focuses on global food security and conflict mitigation. The shares trade as BRK.A and BRK.B. NBC News does not contradict those company facts. Those figures and proper names sit in that same-day article and attach to this event only.[1], [2]
