- Wayne Peacock, President and CEO of USAA, plans to retire in the first half of 2025 after a 36-year tenure with the company.
- The USAA board, chaired by retired Navy Vice Admiral Jim Zortman, is currently evaluating internal and external candidates to succeed him.
- Peacock will stay with USAA to ensure a smooth transition during the leadership change.
- During his time at USAA, Peacock led various teams, including strategy, marketing, technology, corporate real estate, and member services.
- As CEO, he introduced paid career development time, raised USAA’s minimum pay, and expanded employee benefits, including mental health and family support services.
- Peacock served as President of USAA’s property and casualty insurance group before becoming CEO in February 2020.
- Founded in 1922, USAA serves over 13.5 million members of the US military community, offering banking, insurance, and retirement solutions.
