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Deanna Strable Named Next CEO of Principal Financial Group
Slice of Finance Team
18 Nov
Key Highlights:
Deanna Strable to assume role as CEO of Principal Financial Group on January 7, 2025.
Dan Houston to remain as Executive Chair of the Board after an impactful tenure as CEO.
Strable brings 35 years of leadership experience with Principal, including roles as CFO and COO.
Leadership transition reflects strategic continuity and commitment to growth.
Source: Business Wire
Notable Quotes:
“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.”
“She has cultivated a breadth and depth of experience during her 35 years with Principal... We look forward to her continued leadership driving Principal into the next phase of growth.”
“I am honored to be appointed as the company’s next president and CEO... I look forward to continuing our culture of innovation, inclusion, and service.”
Our Take:
This leadership transition at Principal Financial Group underscores a strategic commitment to continuity and growth. Deanna Strable’s extensive experience, including her pivotal role in shaping the company’s growth strategy, positions her to seamlessly build on Dan Houston’s legacy. As Principal navigates an increasingly complex financial landscape, Strable’s deep understanding of the company’s diverse business units and client-focused approach promises a future of innovation and resilience. This move reinforces Principal’s standing as a global financial services leader.