USAA recruits new CLO

Jul 22, 2020
Bob Johnson previously worked at Truist Financial Corporation

USAA has hired Bob Johnson as chief legal officer and general counsel, reporting to CEO Wayne Peacock.

Johnson joins USAA from Truist Financial Corporation – created by a merger last year between BB&T Corporation and SunTrust Banks – where he was general counsel for corporate, commercial and legal shared services. He succeeds Deneen Donnley, who announced her retirement from USAA in September 2019.

Johnson was formerly general counsel at BB&T for almost a decade, with responsibility for the legal, government affairs, human resources and CSR teams. He was part of an executive team that oversaw a major expansion of BB&T’s risk and compliance organizations and was corporate secretary to the BB&T board.

USAA, a private holding company for a diversified group of financial services firms with members rather than shareholders, won Corporate Secretary’s 2017 Corporate Governance Award for best overall governance at a private company.

Donnley in January joined Consolidated Edison Company of New York as the utility’s new senior vice president and general counsel. She succeeded Elizabeth Moore, who retired at the end of December last year.

‘We are very excited to add Bob Johnson to USAA’s leadership team,’ Peacock says in a statement. ‘Bob’s deep legal and financial services background, combined with his authentic leadership style, make him an excellent fit here.’

‘I am honored to join this mission-driven organization focused on facilitating the financial security of the military community,’ Johnson says in an announcement. ‘We have a fantastic team here built to serve our membership, and I am grateful for the opportunity to be a part of this organization.’

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