Deanna Strable has been appointed as the new chief executive officer of Principal Financial Group, effective January 7, 2025, succeeding Dan Houston, who will become executive chair of the board. Currently serving as the chief operating officer, Strable brings extensive experience to her new role, having previously been the chief financial officer and president of the workplace benefits and insurance division. In her statement, Strable expressed enthusiasm for continuing the company’s commitment to innovation and customer service while focusing on growth and increasing shareholder value. This leadership transition follows a recent change in Principal’s asset management division, further positioning the firm for future developments.