Core Insights - Berkshire Hathaway is undergoing a leadership reshuffle ahead of Warren Buffett's departure as CEO in January, with Todd Combs leaving to join JPMorgan and several new appointments announced [1][2] Leadership Changes - Nancy Pierce has been appointed as the new CEO of Geico, succeeding Todd Combs, and has extensive experience within the company since joining in 1986 [4][5] - Adam Johnson will take over as president of Berkshire Hathaway's consumer division while continuing his role as CEO of NetJets, indicating a strategic focus on consumer products [6][7] - Marc Hamburg, the long-serving CFO, will retire in June 2027, with Charles Chang set to replace him, bringing significant experience from Berkshire Hathaway Energy and PwC [9][10][11] - Michael O'Sullivan will join as senior vice president and general counsel in January 2026, transitioning from his role at Snap and having a long history with Berkshire's legal matters [12][13]

Business Model - A start-up offers an option between airlines and private jets [1]

Business Model - A start-up offers an option between airlines and private jets [1]