Key facts
- Warren Buffett has been named chairman emeritus of Berkshire Hathaway.
- Howard Graham Buffett has been named chairman of Berkshire Hathaway.
- Warren Buffett will remain on the board of directors.
Berkshire Hathaway announced on Friday that Warren Buffett has been appointed chairman emeritus, effective immediately. The company also named Howard Graham Buffett, who has been a Berkshire director since 1993, as its new chairman. In his new role, Buffett will continue to serve as a member of the board of directors.