USAA Announces Updates to Senior Leadership Team
24 Julio 2024 - 10:23AM
Business Wire
Two current company executives to take on new
roles
USAA today announced that current Chief Financial Officer (CFO),
Jeff Wallace, will become the company’s new chief audit executive.
Brett Seybold, senior vice president and senior financial officer
for USAA’s property and casualty business will replace Wallace as
CFO. The moves, which come after the departure of the company’s
chief audit executive, will enable USAA to continue to provide
exceptional service to members today and for generations to
come.
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USAA Chief Audit Executive Jeff Wallace
(Photo: Business Wire)
"As we transform the association to meet our members’ evolving
needs, we’re putting key leaders and capabilities in place to
continue serving well today and into the future. Jeff and Brett
continue to demonstrate a deep commitment to our mission while
delivering strong results for our membership,” said Wayne Peacock,
USAA president and CEO.
As CFO, Wallace led the organization through the challenging
post-pandemic financial environment, ensuring the association’s
financial strength and ability to continue to serve members well.
He joined USAA four years ago from Bank of America, where he served
as the Chief Financial Officer of the Consumer Banking and Global
Wealth and Investment Management businesses, leading the
re-engineering of its financial systems, forecasting and planning
processes. Over his more than 30-year career, he has held
leadership positions with a variety of large financial
institutions. He has experience streamlining work processes and
simplifying organization strategies, as well as working with
federal regulators.
Seybold, a 20-year USAA employee, becomes the CFO after
previously serving as the company’s treasurer where he helped guide
capital, liquidity and investment activities through the global
financial crisis, COVID pandemic and recent inflation-driven Fed
rate hikes. Seybold also led the team that created USAA’s
Transformation Office, setting into motion several initiatives that
are delivering financial value and enabling the association to
provide better, more personalized service, products and advice to
members in the coming years.
About USAA
Founded in 1922 by a group of military officers, USAA is among
the leading providers of insurance, banking and retirement
solutions and serves more than 13.5 million members of the U.S.
military, veterans who have honorably served and their families.
Headquartered in San Antonio, USAA has offices in eight U.S. cities
and three overseas locations and employs more than 37,000 people
worldwide. Each year, the company contributes to national and local
nonprofits in support of military families and communities where
employees live and work. For more information about USAA, follow us
on Facebook or X (@usaa), or visit usaa.com.
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USAA Media Relations external_communications@usaa.com