Wayne Peacock was the first civilian to lead the 102-year-old company; he will stay through the first half of 2025 to assist the transition.
In an email addressed to “Team USAA” sent Monday morning just before noon, USAA President and CEO Wayne Peacock announced that he would be stepping down as CEO, a position he’s held since 2019.Peacock described taking on the role with the idea that it would be a “three-to-five-year assignment.” With the five-year mark approaching, he wrote, “I will retire in the first half of 2025, once a new CEO is selected.
“There’s never been a time when there’s been this much change going on, and this much uncertainty,” said Peacock as part of ahosted by the San Antonio Report and Greater:SATX in May. “And the velocity of the change has never been this fast.” Peacock was the first civilian CEO to lead the organization, which was started in 1922 by a group of U.S. Army officers and later expanded to include dependents and enlisted members of the U.S. armed forces.
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