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Rising star could be outside bet in Warren Buffett succession race

Todd Combs, a former hedge fund manager who has just been made CEO of Berkshire Hathaway's car insurance unit, could be in the running

Todd Combs, investment manager at Berkshire Hathaway
Todd Combs, investment manager at Berkshire Hathaway Photo: Getty Images

The guessing game about who will succeed Warren Buffett as CEO of Berkshire Hathaway has largely focused on vice chairs Greg Abel and Ajit Jain.

But another Berkshire manager, Todd Combs, is a rising star. That status was evident in the move by Geico, Berkshire’s big auto insurance unit, to name him as CEO as of January 1, 2020. Geico is the No. 2 auto insurance company in the US behind only State Farm, and one of the most valuable and important units within Berkshire, which is the world’s largest conglomerate.

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