Berkshire Hathaway Updates Leadership in Insurance and Non-Insurance Divisions

Berkshire Hathaway Inc. has announced key leadership changes across its insurance and non-insurance sectors, aligning with long-term strategic planning. Adam M. Johnson, current CEO of NetJets, has been appointed President of the Consumer Products, Service, and Retailing businesses, while continuing his role at NetJets. This move is designed to support the diverse consumer-facing operations under Berkshire's portfolio. Gregory E. Abel, Vice Chairman for Non-Insurance Operations, will continue overseeing industrial, transportation, energy, and other non-insurance sectors as he prepares to become Berkshire Hathaway's President and CEO in 2026. In insurance, Nancy L. Pierce has been named CEO of GEICO, effective immediately, succeeding Todd A. Combs who will depart Berkshire Hathaway to join JPMorgan Chase & Co. Pierce brings extensive experience from nearly four decades at GEICO, with leadership across claims, underwriting, product management, and operations. This leadership transition indicates a focus on continuity and operational expertise in GEICO’s insurance management. On the corporate front, CFO Marc D. Hamburg will retire in 2027 after 40 years with Berkshire Hathaway. Charles C. Chang, currently CFO of Berkshire Hathaway Energy with a strong background in financial reporting and M&A from PricewaterhouseCoopers, is slated to succeed him in 2026. Additionally, Michael J. O’Sullivan, formerly general counsel at Snap Inc., has been appointed Senior Vice President and General Counsel, marking the company's first significant internal legal counsel position in decades, previously relying on outside counsel. These leadership appointments reflect Berkshire Hathaway’s emphasis on maintaining its corporate culture, strategic oversight, and governance as it transitions key roles. The changes also highlight the company’s structuring around experienced leaders with deep operational and financial expertise, ensuring alignment across multiple sectors including insurance, energy, industrials, and consumer products. Berkshire Hathaway remains a significant player in the U.S. insurance and business sectors, with diversified activities spanning insurance and reinsurance, utilities, freight rail, manufacturing, retailing, and services. The company's leadership decisions signal a continued focus on steady governance and long-term shareholder value creation.