Principal Financial Group has announced that Deanna Strable will take over as chief executive officer, effective 7 January 2025.
Strable (pictured) currently serves as chief operating officer and will replace current CEO Dan Houston, who is set to continue as executive chair of the board of directors.
Houston said: “Deanna has been a trusted partner and a co-architect in the company’s growth strategy. I have the utmost confidence in her leadership and business acumen and look forward to working with her to ensure a smooth transition.”
Strable, who was the company’s CFO from 2017 to 2024, will also join the board of directors in January 2025. Prior to becoming CFO she was president of Principal’s workplace benefits and insurance business.
Strable said: “Throughout my career, I’ve seen Principal strengthen its position as a leading global financial services company dedicated to helping customers build strong financial futures.”
“Alongside our committed and passionate colleagues around the world, I look forward to continuing our culture of innovation, inclusion, and service, with a focus on meeting customer needs to drive growth and create shareholder value.”
Her promotion comes a year after the company’s asset management arm named Kamal Bhatia as its new CEO.
