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USAA president and CEO Wayne Peacock to retire in 2025

August 21, 2024

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.