Todd Combs leaves GEICO

GEICO CEO Todd Combs has resigned from the company and is joining JPMorgan Chase, where he has served as a Director of its Board since 2016.

Nancy L. Pierce has been appointed CEO of GEICO, effective immediately. Pierce currently serves as Chief Operating Officer of GEICO and, since joining the company in 1986, has held leadership roles across claims, underwriting, product management and regional operations.

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

“Todd A. Combs, CEO of GEICO since 2020, has resigned to accept an interesting and important job at JPMorgan, which they describe in a press release that will be available very soon on their website. Todd made many great hires at GEICO and broadened its horizons. JPMorgan, as usually is the case, has made a good decision.” – Warren E. Buffett, Berkshire’s Chairman.