Berkshire CFO to Retire, New Leaders Named as Post-Buffett Era Nears

• Berkshire Hathaway announced leadership changes as Warren Buffett prepares for retirement.
• CFO Marc Hamburg will retire in 2027; Charles Chang will take over as CFO in 2025.
• Nancy Pierce is appointed CEO of Geico, replacing Todd Combs, who is moving to JPMorgan Chase.
• Adam Johnson will become president of Berkshire's consumer products, service, and retailing businesses.
• A new General Counsel position is created, with Michael O’Sullivan joining in 2026.

Why It Matters: Signals significant leadership transition at Berkshire Hathaway as Buffett's retirement nears.