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Posted 11 January, 2024

PRINCIPAL FINANCIAL GROUP INC appointed new CEO

CEO Change detected for ticker Nasdaq:PFG in a 8-K filed on 11 January, 2024.


  (b) On January 11, 2024, Principal Financial Group, Inc. (the "Company") announced the retirement of Patrick G. Halter, President and Chief Executive Officer of Principal Asset Management, effective April 2, 2024.  

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Overview of PRINCIPAL FINANCIAL GROUP INC
Financial Services • Life Insurance
Principal Financial Group, Inc. engages in the investment management offering business. It offers financial products and services to businesses, individuals, and institutional clients. It operates its business through following segments: Retirement and Income Solutions, Principal Global Investors, Principal International, U.S. Insurance Solutions, and Corporate. The Retirement and Income Solutions segment provides retirement and related financial products and services primarily to businesses, their employees, and other individuals. The Principal Global Investors segment is involved in asset management services to asset accumulation business, insurance operations, corporate segment and third-party clients, and also refers to the mutual fund business. The Principal International segment offers pension accumulation products and services, mutual funds, asset management, income annuities and life insurance accumulation products. The U.S. Insurance Solutions segment includes the specialty benefits insurance division and consists of group dental and vision insurance, individual and group disability insurance, group life insurance and non-medical fee-for-service claims administration, and the individual life insurance division, which provides solutions for small & medium-sized businesses. The Corporate segment manages the assets representing capital that has not been allocated to any other segment. The company was founded by Edward A. Temple in 1879 and is headquartered in Des Moines, IA.
Market Cap
$19.0B
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PRINCIPAL FINANCIAL GROUP INC by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


(b) On January 11, 2024, Principal Financial Group, Inc. (the "Company") announced the retirement of Patrick G. Halter, President and Chief Executive Officer of Principal Asset Management, effective April 2, 2024. Mr. Halter will assume the interim role of Division President of Principal Asset Management effective February 10, 2024, until his retirement on April 2, 2024. Kamal Bhatia, who currently serves as Senior Executive Managing Director and Global Head of Investments of Principal Asset Management, President of Principal Funds and Chairman of Principal Funds Board, will become President and Chief Executive Officer of Principal Asset Management, effective February 10, 2024.


A copy of the press release announcing Mr. Halter's retirement and Mr. Bhatia's appointment is attached hereto as Exhibit 99.1.