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Story summary
- Berkshire Hathaway appointed Howard G. Buffett as chairman, making Warren Buffett chairman emeritus.
- Howard, 71, will serve as non-executive chairman, guard Berkshire’s culture, and receive no salary.
- Greg Abel, CEO since Jan. 1, 2026, retains authority over acquisitions, investments and divestments.
- Warren Buffett exchanged 8,000 Class A shares for 12 million Class B shares for family foundations on July 14.
- Berkshire shares fell about 0.1% after the announcement.