USAA CEO Wayne Peacock Announces Retirement After 36 Years

Peacock's departure follows nearly five years as CEO, marked by significant achievements and regulatory challenges.

Peacock will retire in the first half of 2025, ensuring a smooth transition.
He has been with USAA since 1988 and served in various leadership roles before becoming CEO.
Under his leadership, USAA navigated the pandemic and increased digital services for members.
Peacock's tenure also saw regulatory fines and compliance issues, including a $140 million penalty for money laundering lapses.
USAA's board is considering both internal and external candidates for the next CEO.