JPMorgan Chase Is Getting New Strategic Leadership, Courtesy of Berkshire Hathaway

Executive Changes at Berkshire Hathaway - Warren Buffett will step down as CEO of Berkshire Hathaway in 2026, with Greg Abel set to take over the role [1] - Todd Combs, a prominent executive at Berkshire, is leaving to join JPMorgan Chase in a high-level position [2] Todd Combs' New Role at JPMorgan Chase - Combs will play a significant role in JPMorgan Chase's newly launched Security and Resiliency Initiative (SRI), which aims to invest $1.5 trillion over 10 years in enterprises critical to national interests [3][4] - The SRI plans to make $10 billion in direct equity and venture capital investments in U.S.-based companies that support infrastructure modernization, supply chain fortification, and growth policies [4] Focus Areas of the Security and Resiliency Initiative - The SRI will target four key economic segments: supply chain and advanced manufacturing (especially in healthcare), defense/aerospace, energy, and strategic technology [5] - Combs will lead the strategic investment group within the SRI, focusing on mid- and large-sized businesses in these sectors [5] Combs' Background and Experience - Combs has prior experience with JPMorgan Chase, having served on its board from September 2016 until his recent appointment [6] - He also has managerial experience as the CEO of Berkshire's insurance subsidiary GEICO from 2020 to 2025 [6]