Principal Financial Group announced Deanna Strable, president and CEO, has been elected chair of the board by the company’s board of directors, effective Sept. 2. Strable succeeds Dan Houston, who will conclude his service on the board of directors after serving as chair since 2016. Strable was named president and CEO of Principal in November 2024 after a more than 30 year career, including senior and executive leadership roles leading business strategy and operations. “We are grateful for Dan’s leadership and dedication which have advanced Principal and helped our customers build strong financial futures,” Strable said in a prepared statement. “I look forward to building upon our foundation of innovation, inclusion, and service to meet our customers’ needs while driving growth and shareholder value.”