Get updates of all things Iowa politics delivered to your inbox. Strable, the first woman to lead the Des Moines-based Fortune 500 firm, will take over Jan. 7, succeeding Dan Houston.

Principal Financial Group announced Tuesday that Chief Operating Officer and recently named President Deanna Strable will take over as CEO on January 7, 2025. Principal’s board of directors appointed Strable to replace Dan Houston, who will continue to serve as executive chair of the board. Houston will step down after about 10 years as CEO.

Principal Financial Group has announced that Deanna Strable, current president and chief operating officer, has been appointed president and chief

Strable will be the first woman to hold the role at the $20 billion recordkeeping giant, following Dan Houston's decade-long tenure of leadership.

Deanna Strable will step into the role in January. She succeeds Dan Houston, who served as president and CEO since 2015. Strable has spent 35 years with the company. She previously served as CFO before being appointed president and COO earlier this year.

Principal Financial Group announced today that the board of directors has appointed President and Chief Operating Officer Deanna Strable as its next president and CEO, effective Jan. 7, 2025. Dan Houston will continue to serve as executive chair of the board.

Principal Financial Group® (Nasdaq: PFG) today announced the Board of Directors has appointed president and chief operating officer Deanna Strable as the company’s next president and chief executive officer,