USAA Makes Executive Changes [Professional Services Close – Up]

USAA announced that Stuart Parker will become USAA's chief financial officer, effective immediately, following the resignation of current CFO Kristi A. Matus, who will serve as special assistant to the CEO until her departure from the organization on March 2.

In a release, the Company said that Parker brings strong experience in financial management to his new role.

-Over the past five years, Parker served as president of USAA Property and Casualty Insurance Group which has grown to become the seventh largest P&C business in the nation, and consistently earns the highest possible ratings from independent ratings agencies and research organizations for financial strength and exceptional levels of customer service.

-Prior to leading USAA Property and Casualty Insurance Group, Parker served for more than three years as president and CEO of USAA's Financial Planning Services. Parker holds multiple financial certifications and licenses, an M.B.A. in finance and a master's degree in political science.

-Before joining USAA in 1998, Parker was a captain in the U.S. Air Force, where he taught at the T-38 Pilot Instructor Training School and held various staff positions at the Air Training Command's headquarters.

"By executing our existing succession plans, we can move swiftly and judiciously while maintaining the chemistry among our senior team and therefore our tremendous momentum," said USAA CEO Joe Robles. "Stuart is the ideal person to be USAA's next CFO, given his financial experience and success in leading USAA's largest P&L business over the past five years. I am confident that our other senior leaders will transition smoothly to their new responsibilities, given their exceptional leadership and deep understanding of USAA."

"Kristi's leadership will be greatly missed by all of us. She leaves behind one of the strongest financial leadership teams in the country, which will continue to help drive our best-in-industry financial strength," said Robles.

USAA said that several other senior leaders will take on new positions enabling them to serve USAA's membership at their highest and best use. These executive changes include the following:

-Melinda G. Reeves will become executive vice president of People Services. Currently senior vice president of Talent Management, Reeves has more than 23 years of experience in human resources and has served USAA for more than 11 years. While at USAA, she has led nearly all aspects of human resource management including Talent Management, Learning and Executive Programs. Reeves holds a Senior Professional in Human Resources (SPHR) designation.

-Shon J. Manasco will assume the role of Chief Administrative Officer. Since joining USAA in 2010 as executive vice president of People Services, Manasco has led USAA's human resources team responsible for designing and administering USAA's staffing, leadership development, employee relations, compensation, benefits, diversity and health services programs and initiatives. Prior to joining USAA, Manasco was senior vice president for Constellation Energy responsible for Human Resources and Shared and Corporate Services. Manasco was a senior vice president with Bank of America before joining Constellation. Before moving to the private sector, Manasco served as a captain in the U.S. Army, where he held a command post at Fort Bragg, N.C.

-Michael F. Barry will join the CAO organization as senior vice president of Enterprise Integration, reporting to Shon Manasco. Barry has served as USAA's senior vice president and deputy general counsel since 2008 and previously served as senior vice president of Enterprise Litigation. Before joining USAA, Barry was assistant general counsel at Capital One Services. In his new capacity, Barry will head a newly-formed team comprised of Business Development, Global Service Delivery, Enterprise Alliance Management and Transformation. The formation of this new team will provide integrated solutions to help USAA achieve its business objectives.

"Each of these talented executives demonstrates an exceptional knowledge of all aspects of USAA's business, a versatility to flex with the needs of the organization, and most importantly, a passion and commitment to fulfilling USAA's mission," added Robles.

USAA provides insurance, banking, investment and retirement products and services to 8.8 million members of the U.S. military and their families.

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