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Principal announces executive promotions in corporate finance, insurance roles


Principal Financial Group today announced senior management promotions within its corporate finance and U.S. Insurance Solutions businesses. Joel Pitz is named senior vice president and controller for Principal, effective Nov. 15. Pitz will have leadership responsibilities for corporate accounting, global sourcing and financial reporting. He previously was vice president and chief financial officer for Principal International and has held several other leadership positions during his 26 years at Principal. He will report to Deanna Strable, chief financial officer for Principal, and succeeds Angie Sanders, who will retire after 32 years with Principal. Nate Schelhaas is named senior vice president, in charge of protection services for USIS, effective Oct. 15. Schelhaas will be responsible for the company’s life insurance and nonqualified deferred compensation lines of business, in addition to leading product development for the business owner segment. Schelhaas has been with the company for 24 years holding various roles including CFO for the life insurance business. He will report to Amy Friedrich, president of USIS, and succeeds Greg Linde, who will retire after nearly 30 years with Principal. After Pitz transitions to his new role, John Egan, vice president and head of Investor Relations, will assume the role of vice president and chief financial officer for Principal International. Egan will report to Pat Halter, president of global asset management for Principal, and continue to lead investor relations until a successor has been named.

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