Buffett Praises Geico's $50 Billion Man Who Quietly Stepped Down

Tony Nicely retired as CEO in 2018 after 57 years at firm
Nicely has created "more than $50 billion" in value: Buffett

Tony Nicely
Photographer: Daniel Acker/Bloomberg

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By Michelle Kim and Katherine Chiglinsky

February 23, 2019 at 3:24 PM UTC

This article is for subscribers only.

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.

The letter also offered some perhaps surprising news: Nicely retired as CEO last year.