Buffett steps down as Berkshire chairman; son Howard to lead

Warren Buffett is stepping down as chairman of Berkshire Hathaway, less than a year after ceding the CEO role, with his son Howard set to become chairman. The transition marks the final phase of leadership succession at the conglomerate, though Buffett's influence may persist. The move is largely symbolic for markets, as operational leadership already changed, but it signals a definitive generational shift.