USAA has named board member Juan C. Andrade as its next leader, replacing retiring CEO and President Wayne Peacock. Andrade will be the second chief executive without a military background to lead the San Antonio-based insurance and financial services company, which is one of the city’s largest employers.

The USAA Board of Directors announced the appointment of Juan C. Andrade as its next president and CEO, effective April 2.

Juan Andrade will succeed Wayne Peacock as the financial institution’s president and CEO starting April 2. Peacock announced his retirement in August.

Juan C. Andrade has been named president and CEO of USAA, succeeding Wayne Peacock after his five-year tenure. Andrade, with decades of industry and public service experience, will lead the company through ongoing organisational restructuring and focus on serving military families,

After a four-year stint as Everest’s chief executive, Juan Andrade is stepping down to become USAA’s CEO and president, effective April 2, 2025. He replaces Wayne Peacock, who announced his retirement from the company last August.

The USAA Board of Directors today announced the appointment of Juan C. Andrade as its next president and Chief Executive Officer, effective April 2. Andrade has served on USAA’s Board of Directors for the last four years and brings nearly 40 years of leadership experience as a public servant and in the financial services industry.

USAA 's board of directors has appointed Juan Andrade as its next president and Chief Executive Officer, effective April 2, 2025. Andrade succeeds Wayne Peacock, who announced his retirement in August 2024 after leading the financial services firm since 2020.