Principal Financial Group 2015 Annual Report Download - page 8

Download and view the complete annual report

Please find page 8 of the 2015 Principal Financial Group annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 28

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28

From the Board of Directors
Dear shareholders:
Management succession planning
Leadership continuity is critical to the ongoing effec-
tiveness of any organization, and I wrote last year
about our robust succession planning process. I am
pleased that as a culmination of that process in August
2015, we named Dan Houston our new chief executive
officer. Since joining the company in 1984, he held
positions of ever increasing responsibility across the
organization, including president of the company’s two
largest operating segments—Retirement & Income
Solutions and U.S. Insurance Solutions. Dan has played
a critical role in the evolution of Principal from a domes-
tic employee benefits company to a global leader in
retirement, long-term savings and asset management.
Your Board is confident in Dan’s ability to lead Principal,
and we look forward to a period of continued success
under his leadership.
On behalf of the Board of Directors,
thank you for your continued invest-
ment in the Principal Financial Group.
Your Board of Directors takes our
responsibility to you and all of our
constituencies seriously. As part
of this oversight of the company
on your behalf, I want to update
you on four major areas of focus.
6Principal