Houston named new Principal Financial Group CEO
The move is effective immediately. Zimpleman will continue to advise Houston as he takes on his new responsibilities.
“Careful and thoughtful succession planning is an integral part of our business success,” Zimpleman said in a news release. “Dan brings 31 years of experience and extensive knowledge of our global businesses and tremendous leadership skills. I could not be more confident about the future of The Principal.”
Houston joined the company in 1984. He was promoted to regional vice president in 1993, to vice president in 1997, and to senior vice president in 2000. He was named executive vice president in 2006, president of retirement and investor services in 2008, and chief operating officer in 2014.
Houston was voted as the Best Up & Coming Business Leader in the Business Record’s 2014 Best of Des Moines issue, and was voted as the No. 24 Most Influential Business Leader in Des Moines by Business Record readers.
“I am very proud to continue the great legacy Larry leaves behind,” said Houston in the release. “I have had the remarkable privilege of learning from him. He not only led our organization through the financial crisis but also helped us evolve from a domestic employee benefits company to a global leader in retirement and investment management. I look forward to leading this organization as we continue to execute our strategy and build on our leadership positions in asset management, retirement and protection.”
The Principal Financial Group is a global investment management leader offering retirement services, insurance solutions and asset management. A Fortune 500 company, Principal has $539.9 billion in assets under management and serves some 20.1 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States.
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