USAA president and CEO Wayne Peacock to retire in 2025
Wayne Peacock, president and CEO of the US military-focused financial institution USAA, is set to retire after a 36-year tenure with the company.
Wayne Peacock plans to retire in H1 2025 (Image: LinkedIn)
In a LinkedIn post, the outgoing CEO announced his plan to retire in the “first half of 2025, once a successor is named”.
USAA board chairman and retired Navy vice admiral Jim Zortman added that the board is currently “evaluating its list of internal and external candidates”.
Peacock, who will stay with the firm to ensure a “smooth transition” during the leadership change, has been with USAA since 1988. During this time, he has led the company’s strategy, marketing, technology, corporate real estate, and member service teams.
During his four-year spell as CEO, Peacock is credited with introducing paid career development time, raising USAA’s minimum pay beyond industry standards, and expanding employee benefits to include mental health and family support services.
Before he was appointed CEO in February 2020, Peacock served as president of USAA’s property and casualty insurance group for over three years.
Founded in 1922, USAA serves over 13.5 million members of the US military community, offering a range of banking, insurance, and retirement solutions.
