Principal Financial Group (Nasdaq: PFG) has appointed Joel Pitz as its new executive vice president and chief financial officer, effective immediately. Pitz, who has had a 30-year tenure with Principal, is stepping into this role after serving as the interim CFO since August 2024. Prior to this, he held the position of senior vice president and controller at Principal.
In his previous role as the CFO for international businesses, Pitz oversaw global finance and strategy for emerging market operations. With a strong background in financial leadership, including serving as the chief accounting officer, Pitz brings extensive experience in successfully aligning financial strategy to business goals.
Pitz succeeds Deanna Strable, who was named president and chief operating officer in August 2024 and 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 people and businesses. The company is committed to supporting the communities where it operates 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.
For more information about Principal Financial Group, visit principal.com. As a result of these announcements, the company's shares have moved -0.9% on the market, and are now trading at a price of $80.57. If you want to know more, read the company's complete 8-K report here.
