USAA names new CEO Stuart Parker to succeed current CEO Joe Robles after retirement
SAN ANTONIO – USAA's Chief Operating Officer Stuart Parker (pictured) will take over as CEO of the San Antonio-based insurance and banking giant after current CEO Joe Robles retires in February 2015, the company announced Thursday.
"Stuart is the right choice to lead USAA forward at a time when the financial services industry is undergoing tremendous changes," said USAA Chairman of the Board Gen. Lester Lyles, USAF (Ret.) in a statement. "The board has found a successor who demonstrates clear devotion to USAA's mission to serve the military and their families, deep appreciation and respect for our employees who represent the finest workforce in America, keen business and financial acumen, and unquestionable ethics. The board's decision was unanimous because Stuart meets all of those criteria and more."
Parker, a St. Mary's University graduate, began working for USAA in 1998.
USAA Capital Corporation President Carl Liebert will succeed Parker in the role of chief operating officer, effective immediately, the company announced.
Copyright 2014 by KSAT - All rights reserved.
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