Warren Buffett exits Berkshire chair: Read Oracle of Omaha's letter to shareholders

Warren Buffett has stepped down as Berkshire Hathaway's executive chairman after sixty years. His son, Howard Buffett, will now assume the chairman role for the conglomerate. Greg Abel has already taken over the Chief Executive Officer position and is making key decisions. Buffett will remain as Chairman Emeritus and a Director of the company. He expressed confidence in the company's future and its leadership.