OMAHA, Neb. — Warren Buffett is stepping down as chairman of Berkshire Hathaway after serving in the role for more than 50 years. The company announced Friday that the 96-year-old Buffett will immediately become chairman emeritus while remaining a director. Buffett had held the chairman position since 1970 and stepped down as CEO late last year, when he was succeeded by Greg Abel. The report also notes that 4 suspects killed in shootout as police rescue kidnapped British woman in Malawi.
Leadership Transition
- Howard Buffett, a board member since 1993, will succeed his father as the new chairman.
Global News Highlights
- Police in Malawi killed four suspects during a shootout while rescuing a kidnapped British woman.
- Prince Harry has attended his first official engagement since his return to the UK.
- A shark attack has resulted in the death of a swimmer at a beach in a Western Australian city.
