A former Air Force pilot and veteran of Operation Desert Storm today was named the next CEO of USAA, to succeed Joe Robles, who will retire in February, Newsradio 1200 WOAI reports.
USAA said in a statement that Stuart Parker, who flew the C-141 Starlifter in Desert Storm, and who is a former trainer on T-38 aircraft, will take the stick at the second largest San Antonio based company, behind Valero Energy Corp.
"Stuart is the right choice to lead USAA forward at a time when the financial services industry is undergoing tremendous changes," said USAA Chairman Lester Lyles, himself a retired Air Force General. "The board has found a successor who demonstrates clear devotion to USAA's mission to serve the miltiary and their families, deep appreciation and respect for our employees who represent the finest work force in America, keen business and financial acumen, and unquestionable ethics."
Gen. Lyles said the board's decision was unanimous.
Parker is the former head of USAA's Property and Casualty Insurance Group, where he led a team of 10,000 employees around the world. Despite heading the group during the Great Recession, Parker grew the group from $8.7 billion in net written premiums to $12.5 billion.
“After serving USAA’s membership in numerous capacities for the past 16 years, I’m deeply honored and humbled to be selected to lead this great organization,” Parker said.
Parker was named COO of USAA in May.
PHOTO COURTESY USAA