Deanna Strable has been named president and CEO of Principal Financial Group, effective Jan. 7, 2025, succeeding CEO Dan Houston, who will continue to serve as executive chair of the board, said a Nov. 12 news release.
Strable has served as president and chief operating officer since August and previously served as as the company’s chief financial officer from 2017 to 2024.
A spokesperson for Principal said Strable will absorb the COO responsibilities into her CEO role.
Houston had served as president and CEO for Principal since 2015 and has held several leadership positions during his 40 years with the company.
Principal has $741 billion in assets under management.
