01—Abstract
Summary
Summary of the 8-K filed August 19, 2025. Cited figures are marked; the original filing is the authoritative source.
Principal Financial Group, Inc. (Nasdaq: PFG) filed this Form 8-K on August 19, 2025 to report a board leadership change.
On August 17, 2025, the Board of Directors elected Deanna D. Strable, the Company's President, Chief Executive Officer and a board member, to the additional position of Chair of the Board, effective September 2, 2025. Daniel J.
Houston, the current Executive Chairman and former President and Chief Executive Officer, will conclude his service on the Board at that time. The press release attached as Exhibit 99.1 states that Houston had served as chair since 2016 and as president and CEO through January 7, 2025, and that he held his leadership roles during 40 years with the company. Strable joined Principal in 1990, was named president of Benefits & Protection in 2015, served as chief financial officer from 2017 to 2024, became president and chief operating officer, and assumed her current CEO role in January 2025.
The release notes she also serves on the board of Elevance Health, Inc. For investors, the filing consolidates the CEO and board chair roles under Strable. The board's lead independent director, Scott Mills, said the board has full confidence in her leadership to accelerate growth and deliver value to customers and shareholders. The filing itself does not describe financial results or compensation changes.
02—Key points
Key Highlights
- Deanna D. Strable, President and CEO, elected Chair of the Board effective September 2, 2025
- Daniel J. Houston, current Executive Chairman and former President and CEO, concludes his Board service at the same time
- Houston served as Board chair since 2016 and as President and CEO through January 7, 2025
- Strable joined Principal in 1990 and became CEO in January 2025 after serving as CFO from 2017 to 2024
- Scott Mills, independent lead director, states the board has full confidence in Strable's leadership
- The filing reports the change under Item 5.02; no compensation arrangements are described
- Principal reports approximately 20,000 employees and over 70 million customers as of June 30, 2025
03—Questions
Frequently Asked Questions
Who will chair Principal Financial Group's board after September 2, 2025?
Deanna D. Strable, the company's President and Chief Executive Officer, will serve as Chair of the Board, effective September 2, 2025.
What happens to Dan Houston's role?
Daniel J. Houston, the current Executive Chairman and former President and CEO, will conclude his service on the Board when Strable's chair appointment takes effect.
What is Strable's background?
Strable joined Principal in 1990 as an actuarial assistant, led the Benefits and Protection business, served as CFO from 2017 to 2024, was president and COO, and became CEO in January 2025. She is also a director of Elevance Health, Inc.
Does the filing discuss financial results or compensation changes?
No. The filing covers only the board leadership change and does not describe financial results or new compensation arrangements.
04—Continue