---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-119004"
form_type: "8-K"
ticker: "PFG"
cik: "0001126328"
company_name: "PRINCIPAL FINANCIAL GROUP INC"
filed_at: "2024-11-14T23:59:59+00:00"
generated_at: "2026-05-30T00:15:30.118834+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Principal Financial names Deanna Strable CEO effective Jan 7, 2025; Dan Houston becomes Executive Chairman

## Summary
- Deanna Strable, current President and COO, appointed CEO effective January 7, 2025; Houston becomes Executive Chairman.
- Strable's CEO compensation: $1M base salary, 300% target incentive, $8.5M long-term equity grant.
- Houston's Executive Chairman compensation: $1.1M base salary, 375% target incentive, $4.24M RSU grant.
- Strable joined Principal in 1990; served as CFO from 2017 to 2024 and President U.S. Insurance Solutions before COO role.
- Houston retires after 40 years with the company, 10 years as CEO; market cap grew from $13B to over $20B under his tenure.

## SEC filing metadata
- accession: 0001104659-24-119004
- form_type: 8-K
- ticker: PFG
- cik: 0001126328
- company_name: PRINCIPAL FINANCIAL GROUP INC
- filed_at: 2024-11-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1126328/000110465924119004/0001104659-24-119004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1126328/000110465924119004/tm2428254d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-119004
- JSON: https://secwatch.observer/filing/0001104659-24-119004.json
- Plain text: https://secwatch.observer/filing/0001104659-24-119004.txt

## Key facts
- Executive change
  Dwight Soethout departed as Vice President-Chief Actuary at PRINCIPAL FINANCIAL GROUP INC.
  - Action: intended to retire
  - Role: Vice President-Chief Actuary
  source text: Dwight Soethout, Vice President-Chief Actuary, is the spouse of Ms. Strable and has been an employee of the Company since 1993. Mr. Soethout has indicated his intention to retire from the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1126328/000110465924119004/0001104659-24-119004-index.htm
- Executive change
  Daniel J. Houston changed role as Executive Chairman at PRINCIPAL FINANCIAL GROUP INC.
  - Action: retired from CEO and assumed Executive Chairman role
  - Role: Executive Chairman
  source text: Mr. Houston will continue to serve as Executive Chairman following his retirement from the role of Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1126328/000110465924119004/0001104659-24-119004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.