What's Happening?
Deanna Strable, president and CEO of Principal Financial Group, has been elected chair of the company's board of directors, effective September 2, 2025. Strable succeeds Dan Houston, who served as chair since 2016. Strable has been with Principal since 1990, holding various leadership roles and contributing to the company's growth and transformation. Her election as board chair reflects confidence in her leadership to drive future growth and shareholder value.
Why It's Important?
Strable's election as board chair marks a significant leadership transition for Principal Financial Group, a major player in the global financial industry. Her extensive experience and strategic vision are expected to guide the company through evolving market conditions and enhance its competitive position. The leadership change underscores the importance of continuity and innovation in maintaining the company's growth trajectory and delivering value to customers and shareholders.
