Berkshire Hathaway's Major Leadership Shifts

Berkshire Hathaway, under Warren Buffetts leadership for six decades, is experiencing significant management changes. Greg Abel is set to become CEO, with Marc Hamburg, Berkshires finance chief for nearly forty years, retiring in June 2026 but staying until June 2027 for a smooth transition. Adam Johnson, CEO of NetJets, has been appointed president of Berkshires consumer product, service, and retailing businesses. Todd Combs, who served as Geicos CEO, is leaving to head a new investment unit at JPMorgan, with Nancy Pierce replacing him as Geicos CEO. Michael OSullivan will become Berkshires first-ever general counsel. These changes signal a new era for Berkshire Hathaway, with potential for more leadership shifts as Abel builds his own team.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.