Warren Buffett's Berkshire Hathaway shakes up its leadership

Posted Monday, December 8, 2025 9:39 am

Warren Buffett

Jeffrey Cane | Axios

Berkshire Hathaway investment manager Todd Combs is leaving to join JPMorgan Chase, as Warren Buffett's conglomerate announces a series of leadership changes.

Why it matters: Buffett is set to retire as chief executive at the end of the year, and the moves are meant to position the company to navigate a future without the legendary investor at the helm.

Driving the news: In addition to Combs' departure, Berkshire Hathaway announced a number of other leadership changes Monday, including:

Adam Johnson, currently CEO of the Berkshire unit NetJets, was named president of the conglomerate's consumer products, service and retailing businesses.
Nancy Pierce has been appointed CEO of the insurer Geico, replacing Combs.
Marc Hamburg, the chief financial officer, will retire in June 2027. Charles Chang will succeed him as CFO in June 2026.

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Warren Buffett's Berkshire Hathaway shakes up its leadership

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