Principal® announces executive promotions within Corporate Finance, US Insurance Solutions

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DES MOINES, Iowa – (COMMERCIAL THREAD) – Main Financial Group® today announced senior executive promotions within corporate finance and US Insurance Solutions (USIS).

  • Joel pitz is called senior vice president and controller for the principal®, starting November 15. In this new role, he will take on leadership responsibilities for corporate accounting, global sourcing and financial reporting. Pitz was previously Vice President and Chief Financial Officer of Principal International and held several other leadership positions during his 26 years at Principal, including the role of Assistant Vice President and Chief Accounting Officer. He will report to Deanna Strable, Chief Financial Officer of Principal, and succeed Angie Sanders, who will retire after 32 years at Principal.
  • Nate schelhaas is called senior vice president, in charge of protection solutions for USIS, starting October 15. In his new role, Schelhaas will be responsible for the company’s life insurance and unqualified deferred compensation business lines, in addition to leading product development for the business owner segment. Previously, he was Vice President and Actuary of Principal’s individual life division, focusing on product development and strategy. Schelhaas has been with the company for 24 years and has held a variety of positions including CFO of the life insurance business. Schelhaas will report to Amy Friedrich, President of USIS, and succeed Greg Linde, who will retire after nearly 30 years with Principal.

“Joel and Nate have built their careers with Principal, progressing to increasingly senior positions within the company, ”said Dan Houston, President, President and CEO of Principal. “I have confidence in their leadership, experience and strategic thinking to help serve our clients and guide our organization into the future.

After Pitz’s transition to his new role, John Egan, Vice President and Head of Investor Relations, will assume the role of Vice President and Chief Financial Officer of Principal International. Egan will report to Pat Halter, President of Principal’s Global Asset Management, and will continue to lead investor relations until a successor is appointed.

About Principal Financial Group®

Main Financial Group® (Nasdaq: PFG) is a global financial company with 18,000 employees[1] passionate about improving the wealth and well-being of people and businesses. In business for over 140 years, we help over 45.5 million clients[2] plan, insure, invest and retire, while working to support the communities in which we operate, improve our planet, and build a diverse and inclusive workforce. Main® is proud to be recognized as one of the world’s most ethical companies[3], member of the Bloomberg Gender Equality Index and the Top 10The best places to work in money management[4]. “Learn more about Principal and our commitment to sustainability, inclusion and the goal at principal.com.

[1] As of June 30, 2020.

[2] As of June 30, 2020.

[3] Ethisphère Institute, 2021.

[4] Pensions and investments, 2020.

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