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Todd Combs leaves Berkshire to lead JPMorgan’s $10B investment group, backed by Warren Buffett.
Todd Combs, former CEO of Geico and key investment executive at Berkshire Hathaway, is leaving to lead JPMorgan Chase’s $10 billion Strategic Investment Group within its new $1.5 trillion security-and-resiliency initiative.
Combs, who joined Berkshire in 2010 and led Geico since 2020, will also advise JPMorgan CEO Jamie Dimon.
Warren Buffett endorsed the move, praising Combs’ contributions.
Combs’ departure coincides with several leadership changes at Berkshire, including Nancy Pierce becoming Geico’s new CEO, Adam Johnson taking over consumer products, and Marc Hamburg retiring in 2027 after 40 years.
Charles Chang will succeed Hamburg in 2026, and Michael O’Sullivan will join as general counsel in 2026.
The transitions reflect Berkshire’s ongoing leadership planning ahead of Warren Buffett’s eventual succession.
Todd Combs deja Berkshire para liderar el grupo de inversión de 10 mil millones de dólares de JPMorgan, respaldado por Warren Buffett.