A new Era of Leadership at Principal

Principal Financial Group has announced a notable change in⁢ leadership, with Deanna Strable, the current President and CEO,⁢ elected as chair of the board of directors. this transition will be effective September 2, 2025.

Strable’s appointment marks a continuation of her leadership within the company, having been named President and CEO in November 2024. her extensive,30-plus year career at Principal has encompassed key roles in business strategy ⁣and⁤ operations,preparing her for this expanded ⁣obligation.

Transitioning Leadership:⁤ Acknowledging Dan Houston‘s⁤ Service

The change in leadership also signifies the conclusion of Dan Houston’s tenure as board chair,‍ a position he has held since 2016. Principal⁢ expressed gratitude for Houston’s dedication and‍ contributions to the company’s success and its customers’ financial ⁢well-being.

We are grateful for ⁢Dan’s leadership⁣ and dedication which have advanced Principal and‍ helped our customers build strong financial futures.

Looking Ahead: Strable’s vision for Principal

Deanna strable articulated her commitment to building upon Principal’s existing strengths. she emphasized a focus on innovation,⁣ inclusion, and customer service as key drivers for future growth ‍and‍ shareholder value. “I look forward to building‍ upon our foundation ⁣of innovation, inclusion, and service to meet our customers’ needs while driving growth and shareholder value,” Strable stated.