Warren Buffett has stepped down from Berkshire Hathaway after more than six decades at the helm of the company he transformed from a struggling textile mill into a global conglomerate.
Buffett took control of Berkshire in 1965. During his tenure, the business grew far beyond its original textile operations and became a major international corporate group.
His departure marks the end of a leadership period spanning six decades. The change brings to a close Buffett’s association with Berkshire, which began when he took control of the struggling mill and oversaw its subsequent expansion.
Reflecting on the passage of time, Buffett said: “Father Time always wins.” The supplied information does not provide further details about the timing of his departure or the company’s next leadership arrangements.
