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Howard Buffett to Succeed Father as Berkshire Chairman
Howard G. Buffett is Warren Buffett’s son.
He is 71 years old and will become chairman of Berkshire Hathaway.
Warren Buffett is leaving the chairman job after more than 50 years.
He will become chairman emeritus and remain on the company’s board.
Howard has already served on Berkshire’s board since 1993.
He has also worked as a farmer, businessman and philanthropist.
He runs farms in the United States and South Africa.
His work includes agriculture, food security, conservation and humanitarian causes.
Greg Abel is already Berkshire Hathaway’s chief executive.
Howard G. Buffett, 71, will become Berkshire Hathaway’s chairman, succeeding his father Warren Buffett.
Warren Buffett, 96, is stepping down immediately after more than 50 years as chairman and becoming chairman emeritus.
Howard Buffett has served on Berkshire Hathaway’s board since 1993.
He is a farmer, businessman, philanthropist, conservationist, photographer and former politician.
Greg Abel became Berkshire Hathaway’s chief executive earlier this year, while Warren Buffett will remain on the board.
- Who
- Howard G. Buffett will succeed Warren Buffett as Berkshire Hathaway chairman; Greg Abel is the company’s chief executive.
- What
- Warren Buffett is stepping down as chairman and becoming chairman emeritus, while Howard Buffett takes over the chairmanship.
- Where
- The leadership change concerns Berkshire Hathaway; Howard Buffett grew up in Omaha, Nebraska, and oversees a farm in Pana, Illinois.
- When
- The change takes effect immediately, according to the company; Warren Buffett has been chairman since 1970.
- Why
- Warren Buffett is vacating the chairman position after more than 50 years of leading Berkshire Hathaway.
Key facts
- Incoming chairman
- Howard G. Buffett
- Outgoing chairman
- Warren Buffett
- Howard Buffett’s age
- 71
- Warren Buffett’s age
- 96
- Warren Buffett’s chairmanship
- Since 1970
- Howard Buffett’s Berkshire board service
- Since 1993
- New chief executive
- Greg Abel
Sources
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