Larry D. Zimpleman to Retire from Principal Financial Group
December 01 2015 - 4:30PM
Business Wire
The Principal Financial Group® announced today Larry D.
Zimpleman, chairman at The Principal®, will retire on Jan. 4, 2016,
from the organization. Zimpleman will continue to serve on the
board of directors as non-executive chairman.
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Larry D. Zimpleman, non-executive
chairman, Principal Financial Group (Photo credit: Principal
Financial Group)
“In his 44 years at The Principal, Larry drove a number of
significant advancements for the organization,” said Dan Houston,
president and chief executive officer at The Principal. “He was
instrumental in developing our international pension and long-term
savings strategy, and in exporting our expertise to high potential
markets around the world. Larry also played a critical role in
launching our IPO in 2001, but perhaps most noteworthy was his
leadership through the Great Recession. His integrity, intellect
and inspiration will be greatly missed. We wish Larry, and his wife
Kathi, all the best in retirement.”
Zimpleman joined the company in 1971 as an actuarial intern.
From 1976 to 2006 he served in various management and leadership
positions at the officer level, mostly in the U.S. retirement
business. He was named president and chief operating officer of The
Principal in 2006; president and chief executive officer in 2008;
and president, chairman and CEO until August 2015.
“I am excited and optimistic about the future of the
organization with Dan at the helm,” said Larry Zimpleman. “With 31
years of experience under his belt, coupled with an extremely
talented senior management team, they will continue our deeply
rooted mission of helping people around the globe on the path to
financial security.”
About the Principal Financial GroupThe Principal
Financial Group® (The Principal®)1 is a global investment
management leader offering retirement services, insurance solutions
and asset management. The Principal offers businesses, individuals
and institutional clients a wide range of financial products and
services, including retirement, asset management and insurance
through its diverse family of financial services companies. Founded
in 1879 and a member of the FORTUNE 500®, the Principal Financial
Group has $516.2 billion in assets under management2 and serves
some 20.6 million customers worldwide from offices in Asia,
Australia, Europe, Latin America and the United States. Principal
Financial Group, Inc. is traded on the New York Stock Exchange
under the ticker symbol PFG. For more information, visit
www.principal.com.
1 “The Principal Financial Group” and “The Principal” are
registered service marks of Principal Financial Services, Inc., a
member of the Principal Financial Group.2 As of Sept. 30, 2015.
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version on businesswire.com: http://www.businesswire.com/news/home/20151201006667/en/
Principal Financial GroupMedia contact:Erica Jensen,
515-362-0049jensen.erica@principal.comorInvestor Relations
contact:John Egan, 515-235-9500egan.john@principal.com
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