Warren Buffett Steps Down as Chairman of Berkshire Hathaway Buffett becomes Honorary Chairman He will retain his board seat His son, Howard G. Buffett, has been elected as the new Chairman Berkshire has officially completed its leadership transition The elder Buffett remains on the board, meaning he can still influence major decisions Howard taking over as Chairman will focus more on governance, while day-to-day investments will likely continue to be handled by the existing investment team This world’s power often relies solely on gender and marriage for continuation—it’s been made tangible