Principal Financial Group® (Nasdaq: PFG) has announced the appointment of Joel Pitz as the executive vice president and chief financial officer, effective immediately. Pitz brings 30 years of experience with Principal, having previously served as the senior vice president and controller before his appointment to interim CFO in August 2024. His extensive experience includes overseeing global finance and strategy for emerging market operations and holding leadership positions, including chief accounting officer.
Pitz succeeds Deanna Strable, who transitioned to the role of president and chief operating officer in August 2024 before being named president and chief executive officer in January 2025.
As of March 31, 2025, Principal Financial Group® has approximately 20,000 employees and is focused on improving the wealth and well-being of individuals and businesses. The company serves approximately 70 million customers and has been recognized as one of the 2024 World’s Most Ethical Companies and named as a Best Places to Work in Money Management. Following these announcements, the company's shares moved -0.95%, and are now trading at a price of $80.53. Check out the company's full 8-K submission here.
