Andrade has served on the Board of Directors for the last four years. He succeeds Wayne Peacock, who announced his retirement in August 2024.
SAN ANTONIO — The USAA Board of Directors announced Wednesday that Juan C. Andrade will be the next president and Chief Executive Officer, effective April 2.
According to a release, Andrade has served on the Board of Directors for the last four years, this including seats on key committees focused on members, risk, financials and technology. He was also Vice Chairman of USAA’s Advisory Panel, a forum for board directors and teammates to interact with members. He is also a USAA member himself.
Andrade brings 40 years of leadership experience as a public servant and in the financial services industry, according to the release.
Andrade joins USAA from Everest Group, Ltd., a worldwide leader in insurance, where he has served as president and CEO since January 1, 2020. Before that, he was president of Chubb’s international business in over 50 countries, president and COO at The Hartford and a general manager at Progressive.
Earlier in his career, Andrade worked in national security, international affairs and drug policy with the U.S. Federal Government’s Executive Branch and The Executive Office of the President, according to the release.
In 2023, the release says he was named by the Wall Street Journal as one of the World’s Most Influential Decision Makers.
“I’m excited to build upon USAA’s legacy and continue innovating to add value to our members’ experiences and help more military families achieve financial security,” said Andrade. “I admire the association’s dedication to the military community and their families. Witnessing firsthand the outstanding service the team provides to our courageous service men and women, I am honored to lead USAA in its second century of service.”
Andrade follows Wayne Peacock, who announced his retirement in Aug. 2024 after four years leading USAA.
