Fargo Appointed Chairman of USAA in San Antonio

Retired U.S. Navy Adm. Thomas B. Fargo has been named chairman of San Antonio-based USAA.

Adm. Fargo is the financial services and insurance group’s 22^nd chairman. He succeeds retired U.S. Air Force Gen. Lester L. Lyles, who is leaving USAA’s board of directors after 15 years of dedicated service.

Adm. Fargo had a distinguished and decorated 35-year career in the U.S. Navy and the Department of Defense. He was the 29^th commander in chief of the U.S. Pacific Fleet and the 20^th commander of the U.S. Pacific Command. He is a 1970 graduate of the U.S. Naval Academy. He transitioned to corporate leadership in 2005 and led companies in both the transportation and technology sectors. Adm. Fargo has served on numerous public and private company boards of directors including Chairman of Huntington Ingalls Industries.

Gen. Lyles is completing his term as chairman after nearly seven years in the role. During his tenure, Lyles helped oversee an expansion in membership and growth while the organization continued to receive accolades for member service and how it treats its employees.

USAA recently surpassed 13 million members and employs more than 35,000 people.

The USAA family of companies provides insurance, banking, investments, retirement products and advice to 13 million current and former members of the U.S. military and their families.

Source: USAA

Topics USA