Berkshire Hathaway Votes to Split Chair and CEO Roles Ahead of Leadership Change

The move was expected after Warren Buffett announced in May his plans to step down from the CEO post.
Berkshire Hathaway Votes to Split Chair and CEO Roles Ahead of Leadership Change
Warren Buffett participates in a discussion during the White House Summit on the United State of Women in Washington on June 14, 2016. Alex Wong/Getty Images
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Warren Buffett’s tenure as chief executive officer of Berkshire Hathaway—a company he’s run since 1965—is scheduled to end on Jan. 1, the conglomerate based in Omaha announced on Oct. 3 in a regulatory filing.

Berkshire Hathaway’s board of directors on Sept. 30 voted to separate the roles of the company’s chairman of the board of directors and CEO. Buffett, who has held the dual roles since 1970, will continue to serve as chair. Greg Abel will take over the top executive role.
Rob Sabo
Rob Sabo
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Rob Sabo has worked as a business journalist for nearly two decades and covers a broad range of business topics for The Epoch Times.