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Buffett's Heir Apparent Loses Key Aide
8 Dec
Summary
- Todd Combs departs Berkshire Hathaway for JPMorgan Chase.
- Combs previously served as investment officer and GEICO CEO.
- Greg Abel is set to succeed Warren Buffett as CEO in 2026.

Berkshire Hathaway is undergoing significant structural adjustments as its legendary CEO, Warren Buffett, gears up for his retirement at the close of 2025. A notable change includes the departure of Todd Combs, who has been instrumental as an investment officer and the chief executive of GEICO.
Combs is moving to JPMorgan Chase to assume a new position, a move that comes as he already maintains a seat on the bank's board of directors. This transition marks a shift for one of Berkshire's key figures.
The announcements coincide with the final preparations for Greg Abel to assume the role of CEO for the vast conglomerate. Abel is scheduled to take the helm in 2026, succeeding Buffett's long-standing leadership.




