Howard G. Buffett, chiarman,Berkshire Hathaway Inc
Warren E. Buffett has been named chairman emeritus of the company
Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, services and retailing. Common stock of the company is listed on the New York Stock Exchange,
Omaha: Berkshire Hathaway Inc. today announced that Warren E. Buffett has been named chairman emeritus, effective immediately, in recognition of his extraordinary contributions to Berkshire and its owners.
As chairman emeritus, Buffett will remain a member of the board of directors and will continue to offer his valued judgment and perspective.
Consistent with the company’s long-standing succession plan, the board has elected Howard G. Buffett, a Berkshire director since 1993, as chairman of the board.
Susan L. Decker will continue to serve as Lead Independent Director.
Greg Abel, chief executive officer, stated on behalf of the entire Berkshire Board of Directors: “Warren’s impact on Berkshire and its owners is without parallel in the history of American business. The culture Warren built and the values he championed will remain at the heart of Berkshire, and Howard will be their guardian. We are grateful to Howard for the care, discipline, and deep understanding of Berkshire he will bring to his new role, and to Sue Decker for her continued leadership and valued contributions as Lead Independent Director.”
“My expectations for him were sky high from the start, and he has exceeded them. He has taken hold of the CEO job in every respect. He has been making the decisions that matter for some time now, and I have not had to think twice about any of them. So the timing is right to complete the transition. I will become Chairman Emeritus and remain a Director. My son, Howard, will succeed me as chairman.” said Warren E. Buffett
Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, services and retailing. Common stock of the company is listed on the New York Stock Exchange,