Berkshire, Todd Combs and JPMorgan Chase
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One of Warren Buffett’s key lieutenants has left the investor’s stock-picking conglomerate just weeks before the 95-year-old retires.
Dec 8 (Reuters) - Berkshire Hathaway announced a management shakeup on Monday, weeks before Warren Buffett hands control to Greg Abel, with a key executive departing for JPMorgan Chase to support its U.S. investment project, alongside other leadership changes at the conglomerate.
Berkshire Hathaway announced a shakeup of its top management team on Monday, just weeks before Warren Buffett hands over the reins of the company to Greg Abel.
His move to JPMorgan Chase is a loss given his dual role as an investment manager and CEO of Geico.
JPMorganChase today announced that Todd Combs, Investment Manager of Berkshire Hathaway, Chief Executive Officer of GEICO and a former member of JPMorganChase’s Board of Directors, will head the $10 billion Strategic Investment Group of the firm’s new Security and Resiliency Initiative (SRI),