Warren Buffett, chairman and chief executive officer of Berkshire Hathaway, speaks at a conference in 2018. Andrew Harrer/Bloomberg/Getty Images New York —

A number of changes were announced Monday in the leadership ranks of Warren Buffett’s Berkshire Hathaway as the 95-year-old gets ready to end his tenure.

In a letter , Buffett said that Todd Combs – head of Geico, the insurance company owned by Berkshire Hathaway – is leaving for an “interesting and important job” at JPMorgan Chase, with the bank confirming that he’s the new head of its Security and Resiliency Initiative, a $10 billion fund to spur company growth in the United States.

“Todd made many great hires at Geico and broadened its horizons. JPMorgan, as usually is the case, has made a good decision,” Buffett wrote.

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