Pierce Named CEO of GEICO as Combs Resigns

Leadership Changes at Berkshire Hathaway - Nancy L. Pierce has been appointed as the new CEO of GEICO, previously serving as the COO at the company since 1986, with extensive experience in various leadership roles [1][3] - Todd A. Combs, the former CEO since 2020, is leaving GEICO for a position at JPMorgan Chase & Co., with Warren Buffett acknowledging his contributions to the company [3] - Berkshire Hathaway is undergoing significant leadership transitions, including the upcoming retirement of CEO Warren Buffett after 60 years, with Greg Abel set to take over [3][4] Additional Executive Appointments - Marc D. Hamburg, the CFO, will retire effective June 1, 2027, after 40 years, with Charles C. Chang succeeding him on June 1, 2026 [4] - Michael J. O'Sullivan will become the senior vice president and general counsel starting January 1, joining from Snap, Inc., marking the creation of a new position within the company [5]