"Todd Combs thanked Geico employees, trumpeted the auto insurer's prospects, and championed his successor as CEO in a farewell email on Monday obtained by Business Insider. Combs - one of Warren Buffett's two investment managers at Berkshire Hathaway for the past 15 years, and the CEO of Berkshire-owned Geico since 2020 - struck a grateful tone in his goodbye message, saying it was a "privilege" and "honor" to lead the company."
"It has been my privilege to serve as your CEO since early 2020, and to work alongside the people who have made this company what it is today.I believe strongly in GEICO and in the vision that drives its ongoing transformation. As our company and our industry have continued to grow and evolve, you have brought your talent, dedication, and innovation to your work every day."
Todd Combs is departing Geico to lead JPMorgan's $10 billion Strategic Investment Group and to serve as a special advisor to JPMorgan CEO Jamie Dimon. Combs served as one of Berkshire Hathaway's investment managers for 15 years and as Geico's CEO since early 2020. He expressed gratitude and pride in Geico employees, cited confidence in the insurer's ongoing transformation and momentum, and praised Nancy Pierce as the right, uniquely qualified leader to take Geico to the next level. Combs characterized his time at Geico as a privilege and honor.
Read at Business Insider
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