Peace holds a Ph.D. in Biostatistics from the Medical College of Virginia, a M.S. in Mathematics from Clemson University, a B.S. in Chemistry from Georgia Southern and a Health Science Certificate from Vanderbilt University. Peace's first career was in teaching and research at the university level. He previously taught Mathematics at Georgia Southern, Clemson University, Virginia Commonwealth University and Randolph-Macon College, where he was a tenured professor. Peace's second career was in research, technical support and management in the pharmaceutical industry. Peace has played pivotal roles in the development and approval of drugs to treat Alzheimer's disease, to prevent and treat gastrointestinal ulcers, to reduce the risk of myocardial infarction, to treat anxiety, depression and panic attacks, hypertension and arthritis.
Peace is a member of several professional and honorary societies.
Peace is the founding editor of the Journal of Biopharmaceutical Statistics. He has contributed heavily to the medical, scientific and statistical literature by authoring or co-authoring more than 150 articles and five books.