Born and raised in Eastern Ohio, Commander Wallace received his commission in the US Navy and a degree in engineering from The Ohio State University. After the obligatory and memorable interview with Admiral Rickover, he was accepted into the nuclear power and submarine communities. He served on two of Admiral Rickover's famous "Forty One for Freedom", the USS John Adams SSBN 620 and the USS Woodrow Wilson SSBN 624, during which time he made nine one-hundred-day deterrent patrols through the height of the Cold War.