Warren Buffett resigned as Chairman of Berkshire Hathaway after leading the firm since 1965. He will now transition to the role of chairman emeritus. Buffett cited his age in a letter to stakeholders, stating that Father Time always wins. His son, Howard Buffett, will succeed him as the new non-executive chairman. The Omaha-based conglomerate grew from a failing textile mill into a global powerhouse under Buffett’s leadership. Markets are monitoring the company for potential shifts in long-term strategy following the transition. $BRYN.DE