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🚨 TODD COMBS LEAVES BERKSHIRE HATHAWAY, JOINS JPMORGAN JUST BEFORE WARREN BUFFETT RETIRES.
• Todd Combs, CEO of Geico and veteran Berkshire investment manager, has announced his departure from the company.
• He will lead JPMorgan's $10 billion Strategic Investment Group, a defense and security initiative.
• The move comes as Berkshire prepares for a major transition: Greg Abel will succeed Buffett in early 2026, and CFO Marc Hamburg is expected to retire in 2027.
• Nancy Pierce will replace Combs at Geico, marking a significant senior leadership change.
👉 Combs' departure is a clear signal that the post-Buffett era at Berkshire is coming, while strengthening JPMorgan's position in strategic areas such as defense, energy, and healthcare.