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GEICO CEO retiring in December 2020

GEICO Corp. President and CEO Bill Roberts will retire from the company in December 2020.

Todd Combs, a Berkshire Hathaway Inc. investment manager, will succeed Roberts as CEO, effective Jan. 1, 2020. He will continue to manage $14 billion of investments for Berkshire Hathaway.

Roberts will become GEICO vice chairman Jan. 1, 2020.