Nancy Pierce appointed GEICO CEO

Dec. 8, 2025—Berkshire Hathaway Inc. today announced that Nancy L. Pierce has been appointed GEICO's Chief Executive Officer, effective immediately. Pierce, who most recently served as Chief Operating Officer, joined GEICO in 1986 and has held leadership roles across claims, underwriting, product management, and regional operations.

With nearly four decades at the company, she brings unmatched institutional knowledge and operational expertise. Throughout her career, Pierce has overseen key functions at GEICO including claims, customer relationship management, enablement and transformation, field representative operations, strategic program, product design and commercial, GEICO Insurance Agency, and specialty lines operations.

She previously served as Executive Vice President and Senior Vice President, and earlier held regional leadership roles on the West Coast and in the mid-Atlantic. Pierce began her career as a claims associate and rose through the ranks to become one of GEICO's most experienced and respected leaders. GEICO's leadership team will report directly to Pierce.

"Nancy knows the business inside and out," said Ajit Jain, Vice Chairman – Insurance Operations at Berkshire. "She's practical, decisive and focused on results. I have full confidence in her ability to move GEICO forward."

As part of this transition, Todd A. Combs will conclude his tenure at GEICO and Berkshire Hathaway and will join JPMorganChase, where he has served as a Director of its Board since 2016.

"Todd A. Combs, CEO of GEICO since 2020, has resigned to accept an interesting and important job at JPMorgan," said Warren E. Buffett, Berkshire's Chairman. "Todd made many great hires at GEICO and broadened its horizons. JPMorgan, as usually is the case, has made a good decision."