Todd A. Combs

Stories

Berkshire’s post–Buffett shake–up meets JPMorgan’s $1.5 trillion security bet

Departing Berkshire to join JPMorgan in early 2026

Berkshire Hathaway is executing a leadership transition as Warren Buffett hands the CEO role to Greg Abel on January 1, 2026. The transition includes a CFO succession plan, a new in-house general counsel, and a new GEICO CEO. JPMorgan Chase is launching a $1.5 trillion, decade-long Security and Resiliency Initiative (SRI) to finance and invest in U.S. critical industries.

Updated May 10

Notable Quotes

Buffett said Combs “made many great hires at GEICO and broadened its horizons,” while calling JPMorgan’s decision to hire him “a good decision.” ([businesswire.com](https://www.businesswire.com/news/home/20251208217411/en/Berkshire-Hathaway-Announces-Leadership-Appointments?utm_source=openai))

from Berkshire’s post–Buffett shake–up meets JPMorgan’s $1.5 trillion security bet · Updated May 10

Jamie Dimon has praised Combs as “one of the greatest investors and leaders I’ve known,” citing his work alongside Buffett. ([reuters.com](https://www.reuters.com/business/finance/jpmorgan-names-berkshires-todd-combs-lead-new-investment-initiative-2025-12-08/))

from Berkshire’s post–Buffett shake–up meets JPMorgan’s $1.5 trillion security bet · Updated May 10