Leadership Overview
Principal has 10 executives leading key functions including strategy, operations, financial oversight, and asset management.
Focused on delivering long-term financial security, Principal provides comprehensive retirement solutions, asset management, and insurance products to a global client base through a commitment to risk management and sustainable growth.
Focused on delivering long-term financial security, Principal provides comprehensive retirement solutions, asset management, and insurance products to a global client base through a commitment to risk management and sustainable growth.
Leadership Roles at Principal
Deanna Strable-Soethout - Chair, President & Chief Executive Officer
Deanna Strable-Soethout, the Chair, President & Chief Executive Officer at Principal, directs the overarching strategic vision for the global financial services organization. Strable-Soethout architects the long-term growth trajectory by aligning retirement solutions, asset management, and insurance offerings with evolving market demands. By coordinating with the Board and senior leadership, the Chair, President & Chief Executive Officer ensures operational excellence across all business segments. This leadership role involves navigating complex international financial landscapes to maintain the firm's competitive edge in risk management. Through rigorous oversight of corporate governance and capital allocation, Deanna Strable-Soethout drives the delivery of financial products designed for institutional and individual clients. The Chair, President & Chief Executive Officer maintains a focus on sustainable value creation, ensuring the company remains a leader in providing financial security to businesses and individuals worldwide while fostering innovation in investment management.

Michael Scholten - Chief Financial Officer & Funds Principal
Michael Scholten, the Chief Financial Officer & Funds Principal at Principal, oversees the financial health and investment fund integrity of the organization. Scholten manages capital structures and liquidity requirements to support the firm's diverse asset management and insurance portfolios. By directing financial reporting and fiscal planning, the Chief Financial Officer & Funds Principal ensures transparency and regulatory compliance across all investment classes. This role involves analyzing market trends to inform strategic investment decisions and risk management protocols. Michael Scholten coordinates with investment teams to optimize fund performance and deliver consistent value to institutional and individual clients. Through rigorous financial analysis, the Chief Financial Officer & Funds Principal supports the company's mission of providing long-term financial security. Scholten maintains a focus on fiscal discipline, ensuring that the organization remains well-positioned to navigate volatile market conditions while continuing to provide innovative financial products to a global client base.
Joel Pitz - Executive VP & Chief Financial Officer
Joel Pitz, the Executive VP & Chief Financial Officer at Principal, manages the enterprise-wide financial strategy and corporate accounting functions. Pitz directs the budgeting, forecasting, and capital management processes that underpin the company's global financial services. By overseeing the financial health of the organization, the Executive VP & Chief Financial Officer ensures that resources are allocated effectively to support retirement solutions and insurance product development. This role involves providing critical financial insights to the Board and executive leadership to guide long-term strategic planning. Joel Pitz monitors global economic trends to mitigate financial risks and enhance shareholder value. Through the implementation of robust financial controls, the Executive VP & Chief Financial Officer supports the firm's mission of delivering reliable financial products. Pitz maintains a focus on fiscal stability, ensuring that the organization possesses the necessary capital to sustain its market position and continue providing comprehensive financial security to clients worldwide.
Dawn Roberts - Chief Financial Officer, Pfn & Psi
Dawn Roberts, the Chief Financial Officer, Pfn & Psi at Principal, manages the financial operations specifically for the retirement and income solutions segments. Roberts directs the fiscal planning and performance analysis for these core business units, ensuring that financial targets align with the company's broader retirement savings mission. By overseeing revenue management and cost structures, the Chief Financial Officer, Pfn & Psi optimizes the profitability of retirement products. This role involves collaborating with product development teams to ensure that financial offerings remain competitive and sustainable. Dawn Roberts monitors segment-specific risks and regulatory compliance to protect the firm's interests. Through detailed financial modeling, the Chief Financial Officer, Pfn & Psi supports the delivery of income solutions that provide long-term security for individuals and businesses. Roberts maintains a focus on operational efficiency, ensuring that these critical segments contribute effectively to the overall financial strength and market impact of the organization.
David Rigler - Chief Financial Officer, Bank Trust & Income Solutions
David Rigler, the Chief Financial Officer, Bank Trust & Income Solutions at Principal, directs the financial strategy for the firm's banking and trust services. Rigler manages the balance sheet and capital requirements for these specialized segments, ensuring that income solutions remain viable and profitable. By overseeing financial reporting and risk assessment for trust operations, the Chief Financial Officer, Bank Trust & Income Solutions supports the delivery of secure financial products to institutional clients. This role involves coordinating with legal and compliance teams to navigate the complex regulatory environment governing bank trust activities. David Rigler monitors market performance to inform strategic adjustments in service offerings. Through rigorous financial oversight, the Chief Financial Officer, Bank Trust & Income Solutions ensures that the organization provides reliable financial security. Rigler maintains a focus on fiscal health, ensuring that these segments effectively support the company's mission of providing comprehensive financial management and risk mitigation services.
Brian Kiel - Chief Financial Officer, Benefits & Protection
Brian Kiel, the Chief Financial Officer, Benefits & Protection at Principal, manages the financial performance of the insurance and specialty benefits divisions. Kiel directs the actuarial and financial planning processes necessary to maintain the solvency and profitability of these protection-focused products. By overseeing the financial health of the insurance segment, the Chief Financial Officer, Benefits & Protection ensures that the firm can meet its long-term obligations to policyholders. This role involves analyzing claims data and market trends to optimize pricing and risk management strategies. Brian Kiel collaborates with product leaders to develop financial solutions that address the evolving protection needs of businesses and individuals. Through disciplined financial management, the Chief Financial Officer, Benefits & Protection supports the company's mission of providing financial security. Kiel maintains a focus on fiscal sustainability, ensuring that these segments remain robust and capable of delivering essential insurance and benefit products to a global client base.
Rick Von Fumetti - Chief Financial Officer, Individual Life
Rick Von Fumetti, the Chief Financial Officer, Individual Life at Principal, manages the financial operations and profitability of the individual life insurance segment. Von Fumetti directs the fiscal planning and risk assessment processes that support the delivery of life insurance products to individual clients. By overseeing the financial performance of this segment, the Chief Financial Officer, Individual Life ensures that the firm maintains the capital strength required to provide long-term financial security. This role involves analyzing mortality trends and market conditions to inform product pricing and underwriting strategies. Rick Von Fumetti collaborates with sales and product teams to ensure that life insurance offerings meet the needs of clients seeking risk management solutions. Through rigorous financial oversight, the Chief Financial Officer, Individual Life supports the company's mission of providing comprehensive financial protection. Von Fumetti maintains a focus on fiscal discipline, ensuring that the individual life segment contributes to the overall stability and growth of the organization.
Brenda Choo - Chief Operating Officer
Brenda Choo, the Chief Operating Officer at Principal, manages the internal infrastructure and cross-functional workflows necessary to support global financial operations. Choo optimizes business processes to enhance the delivery of retirement and income solutions, ensuring efficiency across the enterprise. By streamlining operational frameworks, the Chief Operating Officer enables the firm to scale asset management capabilities effectively. This role involves close collaboration with technology and service teams to improve client-facing outcomes and internal productivity. Brenda Choo monitors performance metrics to ensure alignment with the broader corporate mission of providing robust financial products. Through the implementation of scalable systems, the Chief Operating Officer supports the expansion of insurance offerings and specialty benefits. Choo maintains a focus on operational resilience, ensuring that the organization meets the complex needs of institutional clients while maintaining high standards of service quality and risk mitigation across all global business segments.
Nelson Katz - Chief Operating Officer (Brazil)
Nelson Katz, the Chief Operating Officer (Brazil) at Principal, directs all regional operational activities to expand the firm's footprint within the South American market. Katz architects localized service delivery models for retirement and insurance products, ensuring alignment with regional regulatory requirements and client expectations. By overseeing the integration of global investment management strategies into the local market, the Chief Operating Officer (Brazil) drives growth and operational efficiency. This role involves managing regional teams to enhance the distribution of financial products and specialty benefits. Nelson Katz monitors local economic indicators to adjust risk management strategies, ensuring the firm maintains a strong competitive position. Through the optimization of regional workflows, the Chief Operating Officer (Brazil) supports the broader corporate objective of providing financial security to international clients. Katz focuses on scaling operations to meet the increasing demand for sophisticated financial solutions in the region while maintaining high service standards.
David Tabora - Chief Information Officer, Principal Asset Management
David Tabora, the Chief Information Officer, Principal Asset Management at Principal, directs the technological infrastructure and digital strategy for the asset management division. Tabora architects scalable data platforms and analytical tools that empower investment teams to manage diverse asset classes effectively. By overseeing the integration of advanced technology into investment processes, the Chief Information Officer, Principal Asset Management enhances the firm's ability to deliver data-driven financial solutions. This role involves managing cybersecurity protocols and digital transformation initiatives to ensure the integrity of client information and investment data. David Tabora collaborates with other C-suite leaders to align technology investments with the company's broader strategic goals. Through the implementation of innovative digital solutions, the Chief Information Officer, Principal Asset Management supports the firm's mission of providing superior investment management services. Tabora maintains a focus on technological excellence, ensuring that the organization remains at the forefront of digital innovation in the financial services industry.
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