00:00It's Benzinga bringing Wall Street to Main Street.
00:03Berkshire Hathaway announced leadership changes as Buffett prepares to step aside at the end of
00:07this year, according to CNBC. Todd Combs resigned as investment officer and Geico CEO to join J.P.
00:13Morgan as head of its new security and resiliency initiative, where he will deploy $10 billion and
00:18advise CEO Jamie Dimon. Berkshire said Nancy Pierce will become Geico's CEO and Charles
00:24Chang will replace longtime CFO Mark Hamburg when he retires in June 2027. NetJet's CEO Adam Johnson
00:31will become president of Berkshire's consumer products, service, and retailing businesses,
00:35while Greg Abel will oversee the remaining non-insurance units.
00:39For all things money, visit Benzinga.com.
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