Catenaa, Friday, December 12, 2025- Todd A. Combs, a longtime protégé of Warren Buffett and CEO of Berkshire Hathaway’s GEICO unit, is leaving the conglomerate to join JPMorgan Chase, the company announced Monday.
Combs, who joined Berkshire in 2010 to help manage its extensive stock portfolio, will lead a newly formed investment initiative at JPMorgan.
His departure comes as Berkshire prepares for a post-Buffett era, with Gregory E. Abel set to succeed Buffett as chief executive later this year.
Buffett has run Berkshire Hathaway for 60 years, turning it into a trillion-dollar conglomerate known for its broad portfolio of businesses and investments.
The leadership changes mark a key transition period as Buffett steps down.
The reshuffling also ends a decades-long tradition of Buffett’s annual letters to shareholders, which he recently announced will no longer be sent, closing a chapter in the company’s investor communications.
Combs’ move highlights a significant shift in leadership among Berkshire’s top executives, with the company positioning itself for continuity under Abel while key talent transitions to other major financial institutions.
