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.
Overview
- 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.