>CEO Resignation

USAA names Wayne Peacock to replace Stuart Parker as CEO

In an unexpected announcement Tuesday, USAA named longtime executive Wayne Peacock to replace retiring CEO and President Stuart Parker on Feb. 1.

Peacock, 61, will become the first chief executive without a military background to lead the San Antonio insurance and financial services company in its nearly 100-year history.

USAA touted Peacock’s more than 30 years of experience across all of its business lines. He has served the past three years as president of the Property & Casualty Insurance Group.

USAA plays a critical role in San Antonio as one of the area’s largest corporate employers and is actively involved in the community. About 19,000 of its 35,000-person workforce are based here, serving 13 million members — comprised of current and former members of the military.

“Serving the military community is my passion, and it’s an honor to follow a legacy of great leaders at USAA,” Peacock said in a statement.

Peacock was viewed as a contender to replace Joe Robles Jr. as CEO in 2015, but Parker ultimately was chosen by USAA’s board of directors from a field of 80 candidates….

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