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Bill Roberts, GEICO’s admiral and arch controlling officer, has appear that he will retire in December 2020 afterwards 35 years with the insurer. Replacing Roberts as CEO will be Todd Combs, one of Berkshire Hathaway’s advance managers.



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Roberts, who angry 70 in November, began his career with GEICO in 1984 as an administrator in the business department. He agilely took over as CEO in June 2018 afterwards then-CEO Tony Nicely retired from the column after fanfare, while actual chairman. GEICO, which is wholly endemic by Berkshire, didn’t about advertise the moves.

Over his 35-year career, Roberts has helped advance GEICO to become the additional better auto allowance aggregation in the U.S.



He abutting GEICO in 1984 and served as carnality admiral of business from 1985 to 1991. He again served as abettor carnality admiral for underwriting in GEICO’s bounded appointment in Macon, Ga. He was adopted accumulation carnality admiral in 1994 and arch carnality admiral in 1997.



Roberts became controlling carnality admiral of GEICO in 2000 with albatross for business and advertising, advice systems, telecommunications and the Internet business unit, agents development, aggressive marketing, and GFR sales. He additionally served as administrator of the GEICO Allowance Agency.

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Roberts was called admiral and arch operating administrator in 2013.

Roberts will become carnality administrator of GEICO able January 1, 2020.

Nicely, currently GEICO’s controlling chairman, accustomed Roberts with accomplishing “an outstanding job arch and growing” the aggregation throughout his career. “Our after-effects throughout his career accept been accomplished and our ability is strong. He has put in abode a able plan for the advancing year,” Nicely said.

The new CEO will be Combs, who initially formed at Progressive Allowance Co. afore switching to an advance career. Since 2010, Combs has been an advance administrator at Berkshire Hathaway.

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Combs will accept his position as GEICO’s CEO able January 1, 2020. In accession to acceptable GEICO’s CEO, Combs will abide to administer $14 billion of investments for Berkshire Hathaway.

Unlike Roberts who came from aural GEICO, Combs hails from the advance aggregation at Berkshire Hathaway. Afore abutting Berkshire Hathaway in 2010, Combs was CEO and managing affiliate of an advance close he helped found, Castle Point Basic Management, an advance affiliation he founded in 2005 to administer basic for endowments, ancestors foundations and institutions.

Prior to starting Castle Point, Combs captivated positions with Copper Arch Capital, Progressive Allowance and in government with the Florida Banking, Securities and Finance Division.

More recently, he played a role in the barrage of Haven, the collective bloom allowance activity of Berkshire, JPMorgan and Amazon.

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“I am attractive advanced to demography on the responsibilities of CEO at GEICO,” said Combs. “They accept a able arch administration team, a abundant alignment of 40,000 employees, a abundant brand, and are a actual acknowledged allowance company.”

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