[Warren Buffett Officially Resigns as Chairman of Berkshire Hathaway] Odaily Planet Daily News – 96-year-old Warren Buffett has officially resigned as Chairman of Berkshire Hathaway (BRK.A, BRK.B). Effective immediately, he will transition to the role of Honorary Chairman while remaining a board member. His eldest son, Howard G. Buffett, will take over as Chairman, and Susan Decker will continue to serve as Lead Independent Director. This marks another key milestone in Berkshire's ongoing leadership transition. Greg Abel officially succeeded Buffett as CEO on January 1 of this year, taking responsibility for the company's capital allocation, investments, and operational management. With the Chairman role now handed to Howard, the previously combined roles of Chairman and CEO, long held by Buffett, have been split between two successors. In a letter to shareholders on the same day, Buffett remarked, 'Father Time always wins.' He expressed gratitude for the time he has been given, which allowed him to see Berkshire reach a position that gives him more confidence in its future than ever before. Regarding the new power structure, he provided a clear division of responsibilities: 'Greg runs the company, and Howard safeguards the company's culture and values.'