Howard Buffett: The new boss in Warren Buffett's legacy!

Warren Buffett has named his son Howard G. Buffett, also known as Howie, as his successor at Berkshire Hathaway. In a remarkable inheritance settlement, Howard Buffett will not only become non-executive chairman of the company, but also inherit the legacy of Warren Buffett, who despite being over 90 years old remains one of the richest people in the world.

Howard Buffett, born on December 16, 1954, has a varied career path that has taken him from farming to entrepreneurship to politics. He grew up in Omaha, Nebraska, with two siblings and is the father of a son, Howard Warren Buffett. His involvement in agriculture began in 1977 and he now runs his own farm in Nebraska that specializes in no-tillage conservation agriculture.

Career and positions

Since 1992, Howard Buffett has served on the board of directors of Berkshire Hathaway and is president of the Howard G. Buffett Foundation, which supports projects in agriculture, food, water, humanitarian aid and conservation. He has also served as a board member of well-known companies such as Coca-Cola and ConAgra Foods. His political experience includes a stint as county commissioner in Douglas County, Nebraska, and the position of sheriff of Macon County, Illinois.

While there are concerns about Howie's limited experience in large corporate structures, Warren Buffett is confident in his son's abilities. Greg Abel, an experienced manager within the company, will take over the role of CEO following Warren Buffett's passing. Howie's siblings, Susie and Peter, will also take on crucial roles in managing the nearly $140 billion Berkshire stock holdings for charitable purposes.

The impending shift in corporate governance has attracted widespread attention in the business world. Warren Buffett has emphasized that he wants Howie to protect the company's values ​​and long-term vision in his place. This could also result in a significant change in the distribution of wealth when it comes to social projects and their financing, such as Benzinga reported.

Additionally, it is worth mentioning that Howie Buffett, who has also published several books on conservation and wildlife, has had his writings featured in renowned newspapers such as the Wall Street Journal and the Washington Post. Both his brother Peter and his sister Susie comment positively on his suitability and responsibility for their father's legacy, while Finance.net provide further background on his economic position and the structural changes at Berkshire Hathaway.