Geico Chairman Tony Nicely, right, appears with the Geico gecko mascot during a ceremony in Trenton, New Jersey on Monday, August 16, 2004. (Photo: Curt Hudson/ Bloomberg News)
Warren Buffett used his annual letter to heap praise on Tony Nicely, the long-time chief executive officer of Berkshire Hathaway Inc.'s Geico insurance unit.
|Nicely retired as CEO in 2018
The letter also offered some perhaps surprising news: Nicely retired as CEO last year.
Nicely handed off the reins of the second-largest U.S. auto insurer to president Bill Roberts on June 30, according to the letter. Nicely, who first joined Geico at age 18 in 1961, is remaining chairman.
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