
Berkshire Hathaway BRK-B-N shook up its management on Monday, weeks before Warren Buffett hands control to Greg Abel, with its key investment manager, Todd Combs, departing for JPMorgan Chase JPM-N to support the bank’s US$1.5 trillion project to finance and invest in strategically-placed U.S. companies.
The changes at Berkshire showed Abel making his mark on the company before taking the reins in the New Year. Abel’s transition to CEO on Jan. 1 closes Buffett’s extraordinary six decades heading Berkshire Hathaway, where he became a household name, a multi-billionaire and an American success story. Warren Buffett, the 95-year-old investor, is known for his market instincts and long-held nickname “the Oracle of Omaha.”

