Latest news with #DeannaStrable
Business Wire
a day ago
- Business
- Business Wire
Principal to Announce Second Quarter 2025 Financial Results
DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group ® (Nasdaq: PFG) announced today that it will release second quarter 2025 financial results after U.S. markets close on Monday, July 28, 2025. On Tuesday, July 29, 2025, at 10 a.m. ET, Deanna Strable, president, and chief executive officer, and Joel Pitz, executive vice president and chief financial officer, will discuss the results during a live conference call. Other members of senior management will be available for a question-and-answer session. The company's earnings release, financial supplement, and slides will be available on our website at To access the Tuesday, July 29 conference call: Connect to to listen to a live webcast. Please go to the website at least 10-15 minutes prior to the start of the call to register and to download/install any necessary audio software. A replay will be available on About Principal Financial Group ® Principal Financial Group ® (Nasdaq: PFG) is a global financial company with approximately 20,000 employees 1 passionate about improving the wealth and well-being of people and businesses. In business for 145 years, we're helping approximately 70 million customers 1 plan, protect, invest, and retire, while working to support the communities where we do business. Principal is proud to be recognized as one of the 2025 World's Most Ethical Companyies 2 and named as a 'Best Places to Work in Money Management 3. Learn more about Principal and our commitment to building a better future at 1 As of March 31, 2025 2 Ethisphere, 2025 3 Pensions & Investments, 2024
Business Wire
a day ago
- Business
- Business Wire
Employees Surpass 145,000 Volunteer Hours in Celebration of the Company's 145
DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group ® today announced the successful completion of its 145,000-hour global volunteerism goal, a milestone set in July of 2024 to celebrate the company's 145th anniversary and enduring commitment to building strong communities. One year later, that collective effort has resulted in 157,657 volunteer hours served to support more than 4,100 nonprofits and community organizations across the globe - a 50% increase in volunteer hours completed by Principal employees as compared to the prior year. From delivering meals to elderly residents and veterans in Des Moines, to biking from Amsterdam to London in support of children with brain injuries, to taking senior citizens holiday shopping in Singapore, and teaching financial education classes to high school students in São Paulo —Principal ® employees marked the company's anniversary by giving back to the communities that have been integral to its growth over the last 145 years. To further amplify the impact of employee volunteerism, Principal ® Foundation makes a monetary donation for each hour volunteered to an employee's charitable giving profile, enabling the Principal employee to support causes meaningful to them. Over the past year, this effort generated more than $2.3 million in employee-directed support for nonprofits around the world. 'Giving back to the communities where our employees live and work is an integral part of our culture and who we are as a company,' said Deanna Strable, President and CEO of Principal Financial Group. 'I am proud of the lasting impact our employees have made within their communities. Our teams around the globe have combined purpose and passion to make a meaningful difference in the lives of so many.' These efforts align with the vision of Principal to help people build brighter futures and to support community-led change. Through strategic social commitments—including global grantmaking by Principal ® Foundation, strong Principal employee volunteerism, and a generous Principal Foundation matching gift program—Principal connects people, purpose, and resources to create meaningful, lasting change in communities around the world. 'Volunteering is more than an act of service—it's an extension of our values and our commitment to helping more people gain access to financial security,' said Jo Christine Miles, director of Principal ® Foundation and Community Relations. 'We're deeply grateful to our employees for the time, energy, and heart they've given to their communities. As we look to the future, we're excited to build on this momentum and deliver even greater impact, together.' Editor's note: Employee volunteer profiles are available upon request, Principal Financial Group ® (Nasdaq: PFG) is a global financial company with approximately 20,000 employees 1 passionate about improving the wealth and well-being of people and businesses. In business for 145 years, we're helping approximately 70 million customers 1 plan, protect, invest, and retire, while working to support the communities where we do business. Principal is proud to be recognized as one of the 2025 World's Most Ethical Company's 2 and named as a 'Best Places to Work in Money Management 3. Learn more about Principal and our commitment to building a better future at Principal community relations supports the communities where affiliates of the Principal Financial Group ®, Des Moines, IA 50392 operates. Insurance products and plan administrative services provided through Principal Life Insurance Company ®, a member of the Principal Financial Group, Des Moines, IA 50392. Principal Financial Group Foundation, Inc. ('Principal ® Foundation') is a duly recognized 501(c)(3) entity focused on providing philanthropic support to programs that build financial security in the communities where Principal Financial Group, Inc. ('Principal') operates. While Principal Foundation receives funding from Principal, Principal Foundation is a distinct, independent, charitable entity. Principal Foundation does not practice any form of investment advisory services and is not authorized to do so. 1 2 Ethisphere, 2025 3 Pensions & Investments, 2023
Fast Company
02-06-2025
- Business
- Fast Company
Deanna Strable's journey from intern to CEO of Principal Financial Group is inspiring—but may become increasingly rare
Hello and welcome to Modern CEO! I'm Stephanie Mehta, CEO and chief content officer of Mansueto Ventures. Each week this newsletter explores inclusive approaches to leadership drawn from conversations with executives and entrepreneurs, and from the pages of Inc. and Fast Company. If you received this newsletter from a friend, you can sign up to get it yourself every Monday morning. As a new crop of summer interns arrive at your company, it's worth considering: Will one of them rise to CEO? Deanna Strable, who became CEO of Principal Financial Group in January, interned at the company during college. After graduating from Northwestern University, she joined Principal as an actuarial assistant, the start of a 35-year journey that included a stint abroad and senior roles including chief financial officer (CFO) and president and chief operating officer (COO). (Disclosure: Principal is a longtime Inc. advertising and sponsorship partner.) 'People love to ask, 'Why'd you originally come to Principal?' but I think a fundamental question is, 'Why did you stay here for 35 years?'' Strable says of the insurance and benefits company, which last year reported $16.2 billion in revenue, up 18% from 2023. 'It ultimately comes back to the work, the company, and the people.' From entry-level to executive The intern-to-CEO path isn't unheard of, especially at family-led companies. Comcast chairman and CEO Brian Roberts, whose father founded the cable company, first interned at its Storecast marketing unit in 1974. J. Patrick Gallagher Jr., CEO of Arthur J. Gallagher and Co., a global insurance brokerage founded by his grandfather, interned at the business in 1972. Some prominent CEOs are 'lifers,' having spent their whole careers at one company. Tricia Griffith, CEO of the insurer Progressive, started as an entry-level claims representative, and Mary Barra, CEO of GM, started at the carmaker as a co-op student. And while research suggests that CEOs hired from within an organization slightly outperformed external hires during the pandemic, and performed on par with one another before the pandemic, more boards are turning to outsiders to run companies. Spencer Stuart's ' 2024 CEO Transitions ' report found that 44% of all new S&P 1500 CEO appointments last year were external hires, up from 32% in 2023 and the highest rate since 2000, when the executive search firm started tracking the data. 'The CEO role has never been harder or more complex, and I do believe that you really need multiple experiences to be an effective leader in today's world,' says Janice Ellig, CEO of executive search firm Ellig Group. 'I don't want to predict that the intern-to-CEO [trend] is going to decrease, but I'm not sure it's going to increase.' Many roles, one vision Ellig says boards and investors want their chief executives to bring a range of relevant experiences to the role. Insiders who get the top job have typically led different departments and excelled in areas that are important to the company. GM's Barra, for example, led manufacturing engineering, global human resources, and global product development—critical divisions at a major automaker with 90,000 employees in the U.S. alone. Principal's Strable helped build and lead the company's benefits and protection business, which encompasses employee benefits, business owner solutions (life insurance and disability insurance), and nonqualified deferred compensation. As CFO, she worked alongside previous CEO Daniel Houston to develop a growth strategy that included discontinuing the sale of consumer life insurance products and focusing on higher-growth businesses such as retirement and global asset management. As a result, Strable says, she was 'able to hit the ground running,' adding: 'You know the people, you know the products, you know the business, you know the strategy.' The insider's double-edge sword Strable, who retains the president title at Principal, counts the familiarity and support of longtime colleagues as a 'plus' of being an internal candidate. But 'where it can be hard is there are times that people just expect that you're comfortable with things the way they are today,' she says. Strable says she encourages the company to 'lean into' its strengths but also evaluate the areas where Principal has not been effective. She strives to find ways to learn from people outside the company. 'I reinforce that with a lot of our leaders, too,' she says. 'You need to have a network of peers outside of the organization, both within and outside the industry.' At a lunch meeting in New York shortly after she became CEO, Strable reflected on the corporate milestones she's observed throughout her three-decades-plus at Principal. Of note: Some of the first 'graduates' of Principal's on-site daycare center at its Des Moines headquarters, which opened 17 years ago, will soon be eligible for internships at the company. Perhaps one of them might even become CEO someday. Are you an 'insider' CEO? Are you a company lifer who has ascended to the CEO role? What unique insights do you possess that outsiders or newcomers don't have? Please send your experiences to me at stephaniemehta@ And while I have your attention, please spread the word that Fast Company's annual Brands That Matter program is extending its deadline to June 6. If your brand excels in making emotional connections, communicating purpose, and maintaining cultural relevance, consider applying via this link.
Yahoo
20-05-2025
- Business
- Yahoo
Principal® Names Joel Pitz Executive Vice President and Chief Financial Officer
Pitz fills role previously held by Deanna Strable, President & CEO DES MOINES, Iowa, May 20, 2025--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG) today announced the appointment of Joel Pitz as executive vice president and chief financial officer, effective immediately. Pitz steps into the role after 30 years with Principal and brings extensive experience in successfully aligning financial strategy to business goals. "Joel has demonstrated strong leadership throughout his time at Principal and during his tenure as interim CFO which will continue to serve the company well," said Deanna Strable, Principal president and CEO. "Not only is his expertise highly valued by the organization, but he has also proven to be a trusted advisor to me personally." Pitz served Principal as senior vice president and controller prior to his appointment to interim CFO in August 2024. Before taking on the role of controller, he served as the CFO for international businesses, where he oversaw global finance and strategy for emerging market operations. He's held several leadership positions during his tenure with Principal, including chief accounting officer. "I'm honored to step into the role of chief financial officer," said Pitz. "I look forward to working alongside our talented teams as we continue to drive sustainable growth and create value for our stakeholders now and into the future." Pitz succeeds Deanna Strable, who was named president and chief operating officer in August of 2024 and president and chief executive officer in January 2025. About Principal Financial Group® Principal Financial Group® (Nasdaq: PFG) is a global financial company with approximately 20,000 employees1 passionate about improving the wealth and well-being of people and businesses. In business for 145 years, we're helping approximately 70 million customers1 plan, protect, invest, and retire, while working to support the communities where we do business. Principal is proud to be recognized as one of the 2024 World's Most Ethical Companies2 and named as a Best Places to Work in Money Management3. Learn more about Principal and our commitment to building a better future at 1 As of March 31, 20252 Ethisphere, 20253 Pensions & Investments, 2024 View source version on Contacts Media contact: Sara Bonney, 515-878-0835, Investor contact: Humphrey Lee, 515-235-9500, Sign in to access your portfolio
Business Wire
20-05-2025
- Business
- Business Wire
Principal ® Names Joel Pitz Executive Vice President and Chief Financial Officer
DES MOINES, Iowa--(BUSINESS WIRE)-- Principal Financial Group ® (Nasdaq: PFG) today announced the appointment of Joel Pitz as executive vice president and chief financial officer, effective immediately. Pitz steps into the role after 30 years with Principal and brings extensive experience in successfully aligning financial strategy to business goals. 'Joel has demonstrated strong leadership throughout his time at Principal and during his tenure as interim CFO which will continue to serve the company well,' said Deanna Strable, Principal president and CEO. 'Not only is his expertise highly valued by the organization, but he has also proven to be a trusted advisor to me personally.' Pitz served Principal as senior vice president and controller prior to his appointment to interim CFO in August 2024. Before taking on the role of controller, he served as the CFO for international businesses, where he oversaw global finance and strategy for emerging market operations. He's held several leadership positions during his tenure with Principal, including chief accounting officer. 'I'm honored to step into the role of chief financial officer,' said Pitz. 'I look forward to working alongside our talented teams as we continue to drive sustainable growth and create value for our stakeholders now and into the future.' Pitz succeeds Deanna Strable, who was named president and chief operating officer in August of 2024 and president and chief executive officer in January 2025. About Principal Financial Group® Principal Financial Group® (Nasdaq: PFG) is a global financial company with approximately 20,000 employees 1 passionate about improving the wealth and well-being of people and businesses. In business for 145 years, we're helping approximately 70 million customers 1 plan, protect, invest, and retire, while working to support the communities where we do business. Principal is proud to be recognized as one of the 2024 World's Most Ethical Companies 2 and named as a Best Places to Work in Money Management 3. Learn more about Principal and our commitment to building a better future at 1 As of March 31, 2025 2 Ethisphere, 2025 3 Pensions & Investments, 2024
