Warren Buffett Names Son Howard Buffett as Berkshire Hathaway's Next Chairman

The 70-year-old Howard Buffett will assume the role of non-executive chairman as part of Warren Buffett's long-planned succession strategy.

Howard Buffett, Warren Buffett's middle son, has been named the non-executive chairman of the $1 trillion Berkshire Hathaway conglomerate.
Warren Buffett, now 94, emphasized trust in his decision, stating that his son has been prepared for the role through decades of mentorship and board experience.
Howard Buffett has served on Berkshire Hathaway's board since 1993 and has extensive leadership experience with other major corporations, including Coca-Cola and ConAgra Foods.
A philanthropist and conservation advocate, Howard has dedicated significant resources to global humanitarian efforts, including $800 million in aid to Ukraine through his foundation.
The succession plan includes a new charitable trust managed by Warren Buffett's three children, overseeing $140 billion in Berkshire stock for philanthropic purposes.