Principal® names Deanna Strable President and Chief Operating Officer
Principal Financial Group (Nasdaq: PFG) has announced key leadership changes. Deanna Strable, previously executive vice president and CFO, has been appointed as president and chief operating officer. In her new role, Strable will oversee the company's three main business segments: Retirement and Income Solutions, Benefits and Protection, and Asset Management.
Dan Houston will continue as CEO and Chairman of the Board. Joel Pitz, senior vice president and controller, will serve as interim chief financial officer. Strable, who joined Principal in 1990, has held various roles including president of the workplace benefits and insurance business. The leadership transition aims to drive strategy, financial results, and operations to enable Principal's growth and value creation.
Principal Financial Group (Nasdaq: PFG) ha annunciato importanti cambiamenti nella leadership. Deanna Strable, già vicepresidente esecutivo e CFO, è stata nominata presidente e direttore operativo. Nel suo nuovo ruolo, Strable superviserà i tre principali segmenti di business dell'azienda: Soluzioni per la Pensione e il Reddito, Benefici e Protezione, e Gestione degli Attivi.
Dan Houston continuerà come CEO e presidente del Consiglio di Amministrazione. Joel Pitz, vicepresidente senior e controllore, fungerà da CFO ad interim. Strable, entrata in Principal nel 1990, ha ricoperto vari ruoli, tra cui quello di presidente della divisione benefici e assicurazioni per il lavoro. Questa transizione nella leadership ha l'obiettivo di guidare la strategia, i risultati finanziari e le operazioni per favorire la crescita e la creazione di valore di Principal.
Principal Financial Group (Nasdaq: PFG) ha anunciado cambios clave en su liderazgo. Deanna Strable, anteriormente vicepresidenta ejecutiva y CFO, ha sido nombrada presidenta y directora de operaciones. En su nuevo cargo, Strable supervisará los tres principales segmentos de negocio de la empresa: Soluciones de Jubilación y Ingresos, Beneficios y Protección, y Gestión de Activos.
Dan Houston continuará como CEO y Presidente de la Junta. Joel Pitz, vicepresidente senior y controlador, desempeñará el papel de CFO interino. Strable, quien se unió a Principal en 1990, ha ocupado diversos roles, incluyendo el de presidenta del negocio de beneficios laborales y seguros. La transición en el liderazgo tiene como objetivo impulsar la estrategia, los resultados financieros y las operaciones para permitir el crecimiento y la creación de valor de Principal.
프린시펄 금융 그룹(나스닥: PFG)이 주요 리더십 변화를 발표했습니다. 디안나 스트래블은 이전에 수석 부사장과 CFO로 재직했으며 회장 및 COO로 임명되었습니다. 그녀의 새로운 역할에서 스트래블은 회사의 세 가지 주요 비즈니스 부문인 퇴직 및 소득 솔루션, 복리후생 및 보호, 자산 관리 등을 감독할 것입니다.
댄 휴스턴은 CEO이자 이사회 의장직을 계속 유지합니다. 조엘 피츠, 선임 부사장 및 재무 담당자는 임시 CFO 역할을 수행할 것입니다. 스트래블은 1990년 프린시펄에 합류했으며, 근무 혜택 및 보험 사업의 사장 등 다양한 역할을 맡아왔습니다. 이번 리더십 전환은 전략, 재무 결과 및 운영을 강화하여 프린시펄의 성장과 가치 창출을 가능하게 하는 것을 목표로 합니다.
Le Principal Financial Group (Nasdaq: PFG) a annoncé des changements clés au sein de sa direction. Deanna Strable, précédemment vice-présidente exécutive et CFO, a été nommée présidente et directrice des opérations. Dans son nouveau rôle, Strable supervisera les trois principaux segments d'activité de l'entreprise : Solutions de Retraite et de Revenus, Avantages et Protection, et Gestion d'Actifs.
Dan Houston continuera en tant que PDG et président du conseil d'administration. Joel Pitz, vice-président senior et contrôleur, agira en tant que CFO par intérim. Strable, qui a rejoint Principal en 1990, a occupé divers postes, y compris celui de présidente du secteur des avantages sociaux et de l'assurance. Cette transition de leadership vise à stimuler la stratégie, les résultats financiers et les opérations afin de favoriser la croissance et la création de valeur de Principal.
Die Principal Financial Group (Nasdaq: PFG) hat wichtige Änderungen in der Führung bekannt gegeben. Deanna Strable, zuvor Executive Vice President und CFO, wurde zur Präsidentin und COO ernannt. In ihrer neuen Rolle wird Strable die drei Hauptgeschäftsbereiche des Unternehmens überwachen: Renten- und Einkommenslösungen, Vorteile und Schutz sowie Vermögensverwaltung.
Dan Houston wird weiterhin CEO und Vorsitzender des Vorstands bleiben. Joel Pitz, Senior Vice President und Controller, wird als interim CFO fungieren. Strable, die 1990 zu Principal kam, hatte verschiedene Positionen inne, einschließlich der Präsidentschaft der Abteilung für Arbeitsplatzleistungen und Versicherungen. Der Führungswechsel zielt darauf ab, die Strategie, finanzielle Ergebnisse und den Betrieb zu fördern, um das Wachstum und die Wertschöpfung von Principal zu ermöglichen.
- Appointment of experienced internal leader Deanna Strable as president and COO
- Continuity in leadership with Dan Houston remaining as CEO and Chairman
- Streamlined management structure with direct oversight of three main business segments
- None.
Dan
Deanna Strable (Photo: Business Wire)
“Deanna has been instrumental in driving strategy, financial results, and operations to enable Principal to grow and continue to create value for our customers, shareholders, and employees,” said
In this new role, Strable will have direct responsibility for the three businesses of Principal – Retirement and Income Solutions, Benefits and Protection, and Asset Management. Strable has served as CFO since 2017, after previously serving as president of the company’s workplace benefits and insurance business. She joined Principal in 1990 as an actuarial assistant and has held various actuarial and management roles throughout her career.
“In my nearly 35 years at Principal, I’m more confident than ever in our ability to deliver value and grow sustainably to continue to serve our customers and meet the expectations of our shareholders,” said Strable. “I look forward to the opportunity to further contribute to our ongoing success in this new role.”
As part of this transition, Joel Pitz, senior vice president and controller, will serve as interim chief financial officer. Pitz has been with Principal for nearly three decades, holding senior executive finance roles across the company, including serving as CFO for the international pension and long-term savings business. His deep expertise in financial management and his comprehensive knowledge of the company's operations make him well suited to oversee financial functions at Principal during this period.
About Principal Financial Group®
Principal Financial Group® (Nasdaq: PFG) is a global financial company with 20,000 employees1 passionate about improving the wealth and well-being of people and businesses. In business for 145 years, we’re helping more than 64 million customers1 plan, protect, invest, and retire while working to support the communities where we do business and build a diverse, inclusive workforce. Principal® is proud to be recognized as one of the 2024 World’s Most Ethical Companies2, a member of the Bloomberg Gender Equality Index, and named as a “Best Places to Work in Money Management3.” Learn more about Principal and our commitment to sustainability, inclusion, and purpose at principal.com.
1 As of June 30, 2024
2 Ethisphere, 2024
3 Pensions & Investments, 2023
View source version on businesswire.com: https://www.businesswire.com/news/home/20240821207146/en/
Media contact: Jane Slusark, 515-362-0482, slusark.jane@principal.com
Investor contact: Humphrey Lee, 515-235-9500, lee.humphrey@principal.com
Source: Principal Financial Group
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