In December 2019, Warren Buffett named Todd Combs, one of Berkshire Hathaway’s portfolio managers, as the chief executive officer of the auto insurer GEICO. CNBC notes,

Combs will continue managing $14 billion of investments at Berkshire, the Omaha, Nebraska-based conglomerate he joined in 2010.

“That’s an awful lot of work for one person,” said Meyer Shields, a Keefe, Bruyette & Woods analyst. “Warren Buffett has talked about the overlap between being a good investor and a good businessperson,” Shields said. “This puts that into action, letting Combs broaden his operational expertise.”

Combs, who once worked at Progressive Insurance, is also a JPMorgan Chase & Co director and helped launch Haven, the project Berkshire, JPMorgan and Inc launched to reduce their employees’ healthcare costs.

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