Press release
Deanna Strable Elected Principal® Board Chair
DES MOINES, Iowa--(BUSINESS WIRE)-- Principal Financial Group® (Nasdaq: PFG) today announced that Deanna Strable, president and chief executive officer, has
About this update from Principal Financial Group Inc
[{"type":"text","content":" DES MOINES, Iowa--(BUSINESS WIRE)--\nPrincipal Financial Group® (Nasdaq: PFG) today announced that Deanna Strable, president and chief executive officer, has been elected chair of the board by the company’s board of directors, effective September 2, 2025. Strable succeeds Dan Houston, who will conclude his service on the board of directors after serving as chair since 2016. Houston served as president and CEO of Principal through January 7, 2025, and held many impactful leadership positions during his 40 years with the company.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250819706442/en/Deanna Strable elected Principal board chair\n\"We are grateful for Dan’s leadership and dedication which have advanced Principal and helped our customers build strong financial futures,” says Strable. “I look forward to building upon our foundation of innovation, inclusion, and service to meet our customers’ needs while driving growth and shareholder value.”\n\n\n\"Dan Houston's remarkable 40-year legacy has been instrumental in Principal's growth and success,\" says Scott Mills, independent lead director of the Principal board of directors. \"The board has full confidence in Deanna Strable’s proven leadership to accelerate the company’s future growth while continuing to deliver exceptional value to customers and strong returns for shareholders.”\n\n\n“It has been my honor to lead Principal and its global employee community for the past decade. With Deanna’s exceptional leadership, instrumental in shaping and executing our ambitious growth strategy, Principal is well-positioned for the future through integrated capabilities which create distinct competitive advantages across high-value markets,” says Houston.\n\n\nStrable Background\n\n\nStrable joined Principal in 1990 as an actuarial assistant and held many leadership positions as she progressed in the organization. For more than two decades she has been instrumental in leading business strategy and operations, holding senior management roles as Principal has gone through significant growth and transformation. She helped build the company’s Benefits and Protection business, becoming the first leader of its specialty benefits division before spearheading the integration with the life insurance business. She was named president...