USAA has named Wayne Peacock to succeed Stuart Parker as president and chief executive officer. Parker is retiring after more than 21 years with USAA, with more than five years as the CEO.
“Wayne has served in a broad range of key assignments at USAA for over 30 years and is absolutely committed to our members and our employees,” said USAA Board Chairman Admiral Tom Fargo.
Peacock, who has been with USAA since 1988, has direct experience in numerous areas across USAA. For the past three years, he has served as the president of the Property & Casualty Insurance Group, USAA's largest business. In addition to P&C, he has led strategy, marketing, call centers, technology, shared services and corporate real estate.
“Serving the military community is my passion, and it's an honor to follow a legacy of great leaders at USAA,” said Peacock.
Parker joined USAA as a financial planner in 1998. Since then, he has held roles as head of financial planning services, P&C president, chief financial officer and chief operating officer.
“It has been an honor to serve at USAA for nearly my entire civilian career,” said Parker. “I am deeply appreciative of the loyal support and friendship from the board, fellow USAA employees and members and wish our team great success.”
Jim Syring, current executive vice president chief administration officer, has been named to succeed Peacock as president of Property & Casualty. Syring is a retired U.S. Navy Vice Admiral who has been responsible for USAA's technology, security, procurement and facility operations.