"Nancy Pierce is succeeding Todd Combs as CEO of Geico, the auto insurer owned by Berkshire Hathaway and one of the conglomerate's core subsidiaries. Pierce joined Geico in 1986 and was chief operating officer of the company before being tapped as CEO. She has held leadership roles across claims, underwriting, product management, and regional operations. "Nancy knows the business inside and out. She's practical, decisive, and focused on results," said Ajit Jain, vice chairman for insurance operations."
"The company announced on Monday that Todd Combs, one of Buffett's key deputies and CEO of Berkshire-owned Geico, is departing the company to take on a role at JPMorgan. Alongside Combs' departure, Berkshire Hathaway announced a series of new leadership appointments. The company said that the new leaders are "stewards of the company's culture, demonstrate strong business acumen and judgment, and enable Berkshire's distinctive way of operating.""
Todd Combs, a longtime deputy and CEO of Berkshire-owned Geico, is leaving to take a role at JPMorgan. Nancy Pierce will succeed Combs as Geico CEO; she joined Geico in 1986 and previously served as chief operating officer with leadership roles across claims, underwriting, product management, and regional operations. Ajit Jain described Pierce as practical, decisive, and results-focused. Berkshire Hathaway announced multiple leadership appointments and characterized the new leaders as stewards of the company culture with strong business acumen and judgment. Greg Abel will take over as CEO in January while Warren Buffett will remain chairman.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]