Principal Financial Group Announces Executive Promotion in Retirement Division.Business Editors DES MOINES Des Moines, city, United States Des Moines (dĭ moin`), city (1990 pop. 193,187), state capital and seat of Polk co., S central Iowa, at the junction of the Des Moines and Raccoon rivers; inc. , Iowa--(BUSINESS WIRE)--Aug. 29, 2001 The Principal Financial Group(R) today announced the Board of Directors has elected Larry D. Zimpleman as executive vice president - retirement and investor services. The promotion is effective immediately. "Larry Zimpleman has the proven skills and expertise to successfully lead our retirement and investor services operations in its key role in our evolution as a public company," said J. Barry Griswell, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Zimpleman, executive vice president - retirement and investor services, is responsible for US asset accumulation, which includes the pension, mutual fund and annuity products offered by The Principal(R). In addition, Zimpleman supports retirement business outside of the United States. He presently serves as president - Principal Financial Advisors, a registered investment advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in offering retirement plan asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. services. Zimpleman also serves on the Board of Directors for Princor Financial Services Corp., distributor of Principal Mutual Funds and member of the Principal Financial Group. Zimpleman joined the company in 1971 as a part-time actuarial student. He earned his bachelor's degree and master's degree in business administration from Drake University. He is a Fellow of the Society of Actuaries Mission Statement The Society of Actuaries is a professional organization for actuaries based in North America. Its headquarters are located in Schaumburg, Illinois. , an Enrolled Actuary, a member of the American Academy of Actuaries The The American Academy of Actuaries, also known as the “Academy” or the AAA, is the body that represents and unites United States actuaries in all practice areas. , a member of the Des Moines Actuaries' Club, and a past president of the American Academy of Actuaries. He is also a member of the Board of Governors of the Society of Actuaries. The Principal Financial Group (www.principal.com) is a leading global financial institution offering businesses, individuals and institutional clients a wide range of financial products and services including retirement and investment services, life and health insurance and mortgage banking. The Principal Financial Group has $116.9 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. (1) and operates in more than 250 locations worldwide, including offices in Asia, Australia, Europe, Latin America and the United States. (1) As of June 30, 2001. |
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