SAN ANTONIO – Exciting news from USAA as president and CEO Wayne Peacock has announced his plans to retire in the first half of 2025, capping off an impressive 36-year career with the company. Peacock’s leadership has been instrumental in guiding USAA through various challenges and advancements.
Peacock expressed his gratitude for the opportunity to serve the company, saying, “Serving our members has been my greatest honor. Each day, I am inspired by our teammates, who deliver on the mission and go above and beyond when our members need us most.”
Joining USAA in 1988, Peacock worked his way up to become CEO in 2020, succeeding former president and CEO Stuart Parker. As the first non-military person to lead the San Antonio-based company, Peacock has made significant contributions during his tenure.
Under Peacock’s leadership, USAA navigated the challenges of the coronavirus pandemic, increased minimum pay, provided career development opportunities, and enhanced benefits for employees’ well-being. His efforts also led to returning almost $2 billion in distributions, dividends, rebates, and rewards to members annually.
USAA Board Chairman Jim Zortman commented on the transition, stating, “The Board is evaluating its list of internal and external candidates, and Wayne will stay onboard to ensure a smooth transition.” Peacock’s retirement marks a new chapter for USAA as the company looks towards the future.
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