Archive · 8 Dec 2025
Todd Combs Joins JPMorgan Chase
Todd Combs, who was a big boss at Berkshire Hathaway and ran GEICO, is leaving to work at JPMorgan Chase.
Warren Buffett, the head of Berkshire Hathaway, said Combs did a great job and that JPMorgan made a good choice.
At JPMorgan, Combs will be in charge of a big investment group and will help the company grow.
He will start his new job in January 2026.
Meanwhile, Berkshire Hathaway is making other big changes.
Marc Hamburg, who has been the chief financial officer for a long time, is stepping down.
Charles Chang will take his place.
Nancy Pierce, who was the chief operating officer of GEICO, will now be the CEO.
These changes are happening because Warren Buffett is getting ready to retire.
Todd Combs is leaving Berkshire Hathaway to join JPMorgan Chase.
Combs will head the $10 billion Strategic Investment Group at JPMorgan Chase.
Combs will act as a Special Advisor to Jamie Dimon on strategic issues.
Combs will join JPMorgan Chase in January 2026.
Berkshire Hathaway is undergoing leadership changes, including Marc Hamburg stepping down as CFO and Nancy Pierce succeeding Combs at GEICO.
- Who
- Todd Combs, Warren Buffett, Jamie Dimon, Marc Hamburg, Charles Chang, Nancy Pierce
- What
- Todd Combs is leaving Berkshire Hathaway to join JPMorgan Chase, and Berkshire is undergoing leadership changes.
- When
- Combs will join JPMorgan Chase in January 2026, and Marc Hamburg will step down on June 1, 2026.
- Where
- Berkshire Hathaway and JPMorgan Chase.
- Why
- Combs accepted a new role at JPMorgan Chase to lead the Strategic Investment Group, and Berkshire is preparing for Warren Buffett's retirement.
- Todd Combs
- Former CEO of GEICO and Investment Officer at Berkshire Hathaway, joining JPMorgan Chase in January 2026.
- Warren Buffett
- Chairman of Berkshire Hathaway, praised Todd Combs' contributions and acknowledged JPMorgan's decision.
- JPMorgan Chase
- Combs will lead the Strategic Investment Group and advise on strategic issues.
- GEICO
- Combs was CEO since 2020, making significant hires and broadening the company's horizons.
- Jamie Dimon
- Chairman and CEO of JPMorgan Chase, will work closely with Todd Combs.
- Marc Hamburg
- Longtime CFO of Berkshire Hathaway, stepping down on June 1, 2026.
- Charles Chang
- Senior Vice President and CFO of Berkshire Hathaway Energy, succeeding Marc Hamburg as CFO.
- Nancy Pierce
- Chief Operating Officer of GEICO, succeeding Todd Combs as CEO.
