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Warren Buffett Resigns as Berkshire Hathaway Chairman, Son Howard to Succeed

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Warren Buffett has stepped down as Chairman of Berkshire Hathaway, with his son Howard set to take over the role. This marks the second major position Buffett has relinquished within a year, having previously stepped down as CEO at the start of 2026. Greg Abel assumed the chief executive responsibilities of the trillion-dollar conglomerate following that earlier transition. The successive departures signal a comprehensive handover of leadership at one of the world's most prominent investment firms.

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