Josue “Joe” Robles, CEO and president of USAA,announced in a statement that he will retire from the insurance andfinancial services company in the first quarter of 2015, afterhaving held the position for eight years.

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Robles said in the statement that the time was right for him tostep down. “It has been my privilege to work at USAA for nearly 20years,” Robles says. “However, in early 2015, it will be time forme to pass leadership of this great association to the nextCEO.”

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Lester Lyles, chairman of the USAA board of directors, says thecompany plans to announce a successor by the end of the year. Lyleswent on to say the company has a succession plan in place, whichincludes a “comprehensive internal and external search.”

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