Principal Financial Group announced the appointment of Joel Pitz as Executive Vice President and Chief Financial Officer, effective immediately. Pitz has been with Principal for 30 years and brings extensive experience in aligning financial strategy with business goals. He previously served as senior vice president and controller, and as interim CFO since August 2024.
Deanna Strable, Principal President and CEO, highlighted Pitz's strong leadership and expertise, noting his role as a trusted advisor. Pitz's background includes serving as CFO for international businesses, where he oversaw global finance and strategy for emerging market operations, and as chief accounting officer.
Pitz succeeds Deanna Strable, who was named President and Chief Operating Officer in August 2024 and President and Chief Executive Officer in January 2025. His appointment ensures continuity in financial leadership and is expected to contribute to the company's sustainable growth and value creation for stakeholders.
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