The New Buffett Chairing Berkshire’s Board Knows the Firm Well

Howard Buffett, the 71-year-old eldest son of legendary investor Warren Buffett, has officially taken over as the chairman of Berkshire Hathaway Inc. Having a strong background in corporate governance, Howard is already well-versed in the firm's internal workings. While he succeeds his father in this leadership role, he will not be responsible for managing the day-to-day operations of the company, ensuring a specific division between board oversight and the firm's daily operational management.