Principal Financial Group announced that Deanna Strable, the company's President and Chief Executive Officer, has been elected chair of the board of directors. This appointment is effective September 2, 2025, consolidating her leadership roles within the organization. Strable's election follows her appointment as President and CEO in January 2025.
Strable succeeds Dan Houston, who will conclude his service on the board of directors after serving as chair since 2016. Houston previously served as president and CEO of Principal through January 7, 2025, and held various leadership positions during his 40 years with the company. This transition marks the end of an era of leadership for Houston.
Scott Mills, independent lead director of the Principal board, expressed full confidence in Strable’s proven leadership to accelerate the company’s future growth and deliver value to customers and shareholders. Strable's extensive background, including her previous role as Chief Financial Officer, positions her to lead the company's strategic direction and corporate governance.
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