Principal Financial Group (Nasdaq: PFG) has made a significant announcement today, appointing Deanna Strable as the President and Chief Operating Officer. Strable, who has been serving as the executive vice president and Chief Financial Officer, will now have direct responsibility for the three main businesses of Principal – Retirement and Income Solutions, Benefits and Protection, and Asset Management. This change comes as Dan Houston continues to serve as CEO and Chairman of the Board.
Strable has been with Principal since 1990 and has held various roles within the organization, contributing to its success. With her extensive experience and proven leadership, her appointment as President and COO reflects the company's confidence in her ability to drive strategy, financial results, and operations.
Joel Pitz, senior vice president and controller, will step in as the interim Chief Financial Officer during this transition period. Pitz, who has been with Principal for nearly three decades, is well-equipped to oversee the financial functions of the company, given his deep expertise in financial management and comprehensive knowledge of its operations.
These changes come at a time when Principal Financial Group is continuing to focus on improving the wealth and well-being of people and businesses. With 20,000 employees, the company is dedicated to helping more than 64 million customers plan, protect, invest, and retire, while also working to support the communities where it operates and build a diverse, inclusive workforce. Principal Financial Group has been recognized as one of the 2024 World’s Most Ethical Companies, a member of the Bloomberg Gender Equality Index, and named as a “Best Places to Work in Money Management.”
As of June 30, 2024, Principal Financial Group continues to demonstrate a strong commitment to sustainability, inclusion, and purpose. Today the company's shares have moved 0.4% to a price of $78.04. For more information, read the company's full 8-K submission here.
