USAA 2008 Report to Members: Stronger Together

Board of directors(as of March 1, 2009)Sixteen accomplished individuals whohave distinguished themselves throughtheir military and civilian careerscomprise the USAA Board of Directors.Board members conduct regular, formalevaluations of the CEO and corporateperformance.( from left to right)Lt. General John H. Moellering, USA (Ret.)Member since 1959. Elected 1996.The former president and chief executive officer of Lear SieglerServices Inc., Moellering is the founder of managementconsultancy JM Associates and is a member of the adjunctfaculty of the Kenan-Flagler Business School of theUniversity of North Carolina. He is a retired senior officerwhose 28-year Army career included key commandassignments. Moellering was also a White House Fellow,Commandant at West Point and assistant to the Chairmanof the Joint Chiefs of Staff. A graduate of the U.S. MilitaryAcademy, Moellering holds a master’s degree in engineeringfrom the University of California, Berkeley, and is agraduate of the Stanford Business School MarketingManagement Course for Senior Executives. Chairman ofthe Board; Chair, Governance and Executive committees;ex officio member, Finance and Audit, Compensation andWorkforce, and Marketing and Programs committeesColonel John D. Buckelew, USMC (Ret.)Member since 1964. Elected 1994.Most recently director of administration for an internationallaw firm in Norfolk, Virginia, Buckelew is a graduate ofthe U.S. Naval Academy and served in the U.S. MarineCorps as a combat engineer officer and as a data systemsofficer. His final active-duty assignment was oversight ofthe defense budget and organization in the Office of theChairman, Joint Chiefs of Staff. A Fulbright scholar at theUniversity of Vienna and the University of Bonn, Buckelewholds a doctorate in history from the University of California,San Diego. Member, Executive and Compensation andWorkforce committeesCaptain Frederick M. Hamilton, USCG (Ret.)Member since 1965. Elected 1998.Hamilton was a recognized leader in the telecommunicationsinfrastructure industry and played a major role in shapingthat industry’s new competitive market. He was formerly avice president of network construction and maintenancefor Tyco Telecommunications in Morristown, New Jersey.The company designed, manufactured and installed, aswell as owned and operated, fiber optic telecommunicationssubmarine cable systems. During almost 27 years ofmilitary service, Hamilton held key command and staffpositions in the U.S. Coast Guard. An honors graduateof the U.S. Coast Guard Academy, Hamilton holds amaster’s degree in naval architecture and marine engineeringand a master’s degree in mechanical engineering fromMassachusetts Institute of Technology. He also earned amaster’s degree in management from the MIT Sloan Schoolof Management. Member, Finance and Audit CommitteeGeneral Michael E. Ryan, USAF (Ret.)Member since 1964. Elected 2002.Ryan was the 16th Chief of Staff of the U.S. Air Force. He isnow the president of the consulting firm Ryan Associates,focused on national defense. During his Air Force career,he flew more than 150 combat missions and commandedat all levels, from squadron through major command.He served as the NATO Air Commander, directing combatoperations in Bosnia. A graduate of the U.S. Air ForceAcademy, Ryan earned a master’s degree in businessadministration from Auburn University and completedthe National Security Program at Harvard University.Vice chair, Finance and Audit CommitteeColonel Leslie G. Denend, USAF (Ret.)Member since 1962. Elected 1996.A director of McAfee Inc. and VeriFone Corp., Denend isthe former president and chief executive officer of NetworkGeneral Corporation. During his 20-year Air Force career,he served on President Reagan’s economic policy staff, was amember of President Carter’s National Security Council staff,and flew more than 190 combat missions. A distinguishedgraduate of the U.S. Air Force Academy, he holds a master’sdegree in business administration and a doctorate in economics,public policy and business from Stanford University. He wasa Fulbright scholar in economics at the University of Bonnand a White House Fellow under President Ford.Member, Marketing and Programs CommitteeMaj. General Josue Robles Jr., USA (Ret.)Member since 1967. Elected 2007.Robles is president and chief executive officer of USAA.He also served as the executive vice president, chief financialofficer and corporate treasurer. From 1990 to 1994, Robleswas a member of the USAA Board of Directors. He joinedUSAA in 1994 after 28 years of distinguished military service,which included serving in Korea, Vietnam, Germany andthe Middle East. He was the Director of the Army Budgetand was the Commanding General, 1st Infantry Division(The Big Red One). Robles holds a bachelor of businessadministration degree in accounting from Kent StateUniversity and a master’s degree in business administrationfrom Indiana State University. Member, Governance andExecutive committeesRear Admiral Joseph C. Strasser Sr., USN (Ret.)Member since 1964. Elected 1998.Strasser is the former executive director of the Naval WarCollege Foundation in Newport, Rhode Island, and formerdean of Pennsylvania State University’s CommonwealthCollege. During his 32-year naval career, he commanded afrigate, a destroyer squadron, a cruiser-destroyer group,and the U.S.S. Enterprise carrier battle group. He alsoserved as executive assistant to the Chairman of the JointChiefs of Staff and as president of the Naval War College.A U.S. Naval Academy graduate, Strasser earned master’sdegrees in international relations and international lawand diplomacy and a doctorate in political science, all fromTufts University. Chair, Finance and Audit Committee;member, Governance and Executive committeesGeneral John P. Abizaid, USA (Ret.)Member since 1973. Elected 2007.Abizaid’s 34-year Army career included serving as theCommander of the United States Central Command,overseeing American military operations in a 27-countryregion, from the Horn of Africa, the Arabian Peninsula,and South and Central Asia, covering much of the MiddleEast while supervising 250,000 U.S. troops. A graduate ofthe U.S. Military Academy at West Point, Abizaid holds amaster’s degree in area studies from Harvard Universityand was an Olmsted scholar at the University of Jordan.Member, Marketing and Programs Committee18 USAA 2008 REPORT TO MEMBERS