Principal Financial Group names Deanna Strable president and COO; Joel Pitz interim CFO
Principal Financial Group's board appointed Deanna Strable, its chief financial officer since 2017, as president and chief operating officer on August 20, 2024, and named Joel Pitz, senior vice president and controller, as interim chief financial officer. Daniel Houston remains chief executive officer and chairman, and the filing does not state a permanent CFO or any change to Strable's responsibilities beyond the new title.
- Strable's appointment as president and COO took effect August 20, 2024, with a base salary of $850,000 and a long-term incentive target of $5,100,000 in restricted stock units
- Pitz, who joined the company in 1995, will serve as interim CFO and interim principal financial and accounting officer, with a $400,000 restricted stock unit award on a three-year cliff vesting period
- Houston will continue as chief executive officer and chairman of the board