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Warren Buffett is stepping down as chairman of Berkshire Hathaway, the company said on Friday.
In a statement, the company said Buffett had been named chairman emeritus, effective immediately, and will remain a member of the board of directors.
He will be replaced by his son, Howard Graham Buffett, the release said.
This is a developing story. Check back for updates.
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Joshua Nelken-Zitser is an award-winning correspondent at Business Insider’s London bureau covering the affordability of modern life.Through features, investigations, on-the-ground reporting, and As Told To essays, he explores the changing cost of major life milestones, what people choose to spend on when they can’t afford everything they want, and how they adapt as traditional markers of success become less attainable.Joshua previously spent five years on the news desk, reporting from the US, across Europe, and the Middle East. In 2025, he moved to the business desk to cover wealth, spending, and consumer culture.In 2024, he received the Axel Springer Award for Change — Journalistic Piece of the Year and was highly commended at the British Journalism Awards for an investigation into state-subsidized gender-transition surgeries in Iran.His debut book (TRAUMA BONDS: How Generational Trauma Shapes, Divides and Connects Us) will be published by HarperCollins in January 2027.Got a tip? Email [email protected]. You can also follow him on X or Instagram.
