Warren Buffett’s farewell letter as Berkshire Hathaway chairman includes a big vote of confidence for Greg Abel

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Warren Buffett has stepped down as chairman of Berkshire Hathaway Inc., effective immediately, transitioning to the role of chairman emeritus while remaining on the board of directors. His son, Howard Buffett, who has served as a director for 33 years, succeeds him as chairman of the board. This change follows Buffett handing the CEO responsibilities to Greg Abel nine months prior. In his farewell letter, Buffett expressed confidence in the company's future and gratitude for the shareholders' trust.
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