{"id":389946,"date":"2020-11-30T16:18:09","date_gmt":"2020-11-30T21:18:09","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=389946"},"modified":"2020-11-30T16:18:09","modified_gmt":"2020-11-30T21:18:09","slug":"principal-financial-group-adds-new-global-leaders-to-executive-team","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/principal-financial-group-adds-new-global-leaders-to-executive-team\/","title":{"rendered":"Principal Financial Group Adds New Global Leaders to Executive Team"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Principal Financial Group Adds New Global Leaders to Executive Team<\/b><\/p>\n<p class=\"bwalignc\"><i>Luis Vald\u00e9s to retire after 26 years<\/i><\/p>\n<p>DES MOINES, Iowa&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nPrincipal Financial Group<sup>\u00ae<\/sup> today announced global leadership changes \u2013 elevating regional presidents Roberto Walker (Latin America) and Thomas Cheong (Asia) of Principal International to its executive management team and announcing the retirement of Luis Vald\u00e9s, CEO and president of Principal International. Walker and Cheong will report to Dan Houston, chairman, president, and CEO of Principal<sup>\u00ae<\/sup>.\n<\/p>\n<p>\nThe addition of Walker and Cheong to the executive team emphasizes the growing significance of international markets and the global customer for Principal. Based in Santiago, Chile, and Hong Kong SAR, these two leaders bring direct, local perspectives on regional market dynamics and customer preferences which will help inform new solutions and distribution pathways in and outside of their markets.\n<\/p>\n<p>\n\u201cWe\u2019re excited to add strong, international leaders to our executive management team who have deep understanding of our customers \u2013 across markets, customer segments, and product lines \u2013 and will help to build our voice and expertise as a global retirement leader,\u201d said Houston. \u201cRoberto and Thomas have unique perspectives on serving diverse customer populations that are invaluable to Principal as we work to diversify not only our solutions, but also the way we bring those solutions to a broad range of customers. Their leadership will help us to deliver on our commitment of helping more people gain access to financial security around the world.\u201d\n<\/p>\n<p>\nWalker, senior vice president and president of Principal Latin America, and Cheong, senior vice president and president of Principal Asia, are promoted to executive vice presidents as part of the changes, effective Jan. 1, 2021. Walker joined Principal in 1996 and has led Latin America for Principal International since 2011. Cheong joined Principal in 2015 as vice president of North Asia for Principal International and took over leadership responsibilities for the entire Asia region in 2019.\n<\/p>\n<p>\nVald\u00e9s will retire March 31, 2021, after 26 years with Principal serving in several global leadership roles. He led Principal International as president and CEO the past nine years \u2013 driving significant growth in Latin America and Asia, including several major acquisitions for Principal to grow its footprint in key emerging markets. Vald\u00e9s will serve as chairman of the Principal International board for two years following his retirement.\n<\/p>\n<p>\n\u201cLuis has been central to growing Principal International from an emerging business into a significant contributor today with strong profitability,\u201d said Houston. \u201cHe has a passion for what he does \u2013 from leading critical acquisitions to advising international lawmakers on sound pension policy. We\u2019re grateful for his leadership and will count on his continued counsel as Principal International board chair.\u201d\n<\/p>\n<p>\nPrincipal continues to evaluate and evolve its operating model to meet the needs of customers around the world \u2013 tailoring its expertise as a global retirement leader to meet and address local needs while using local insight to advance the company\u2019s global strategies.\n<\/p>\n<p><b>About Principal<sup>\u00ae<\/sup><\/b><\/p>\n<p>\nPrincipal helps people and companies around the world build, protect and advance their financial well-being through retirement, insurance and asset management solutions that fit their lives. Our employees are passionate about helping clients of all income and portfolio sizes achieve their goals \u2013 offering innovative ideas, investment expertise and real-life solutions to make financial progress possible. To find out more, visit us at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.principal.com&amp;esheet=52339886&amp;newsitemid=20201130005900&amp;lan=en-US&amp;anchor=principal.com&amp;index=1&amp;md5=04355b654152780d54cd6e9949f5a00b\">principal.com<\/a>.\n<\/p>\n<p>\nPrincipal, Principal and symbol design and Principal Financial Group are trademarks and service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201130005900r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201130005900\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201130005900\/en\/<\/a><\/span><\/p>\n<p>\nMedia Contact: Jane Slusark, 515-362-0482, <a rel=\"nofollow\" href=\"mailto:slusark.jane@principal.com\">slusark.jane@principal.com <\/a><\/p>\n<p>\nInvestor Contact: John Egan, 515-235-9500, <a rel=\"nofollow\" href=\"mailto:egan.john@principal.com\">egan.john@principal.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Iowa United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Professional Services Insurance Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201130005900\/en\/517508\/3\/Principal_sm_rgb_150.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Principal Financial Group Adds New Global Leaders to Executive Team Luis Vald\u00e9s to retire after 26 years DES MOINES, Iowa&#8211;(BUSINESS WIRE)&#8211; Principal Financial Group\u00ae today announced global leadership changes \u2013 elevating regional presidents Roberto Walker (Latin America) and Thomas Cheong (Asia) of Principal International to its executive management team and announcing the retirement of Luis Vald\u00e9s, CEO and president of Principal International. Walker and Cheong will report to Dan Houston, chairman, president, and CEO of Principal\u00ae. The addition of Walker and Cheong to the executive team emphasizes the growing significance of international markets and the global customer for Principal. Based in Santiago, Chile, and Hong Kong SAR, these two leaders bring direct, local perspectives on regional market dynamics and customer &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/principal-financial-group-adds-new-global-leaders-to-executive-team\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Principal Financial Group Adds New Global Leaders to Executive Team&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-389946","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Principal Financial Group Adds New Global Leaders to Executive Team - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/principal-financial-group-adds-new-global-leaders-to-executive-team\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Principal Financial Group Adds New Global Leaders to Executive Team - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Principal Financial Group Adds New Global Leaders to Executive Team Luis Vald\u00e9s to retire after 26 years DES MOINES, Iowa&#8211;(BUSINESS WIRE)&#8211; Principal Financial Group\u00ae today announced global leadership changes \u2013 elevating regional presidents Roberto Walker (Latin America) and Thomas Cheong (Asia) of Principal International to its executive management team and announcing the retirement of Luis Vald\u00e9s, CEO and president of Principal International. Walker and Cheong will report to Dan Houston, chairman, president, and CEO of Principal\u00ae. The addition of Walker and Cheong to the executive team emphasizes the growing significance of international markets and the global customer for Principal. Based in Santiago, Chile, and Hong Kong SAR, these two leaders bring direct, local perspectives on regional market dynamics and customer &hellip; Continue reading &quot;Principal Financial Group Adds New Global Leaders to Executive Team&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/principal-financial-group-adds-new-global-leaders-to-executive-team\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-30T21:18:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201130005900r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/principal-financial-group-adds-new-global-leaders-to-executive-team\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/principal-financial-group-adds-new-global-leaders-to-executive-team\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Principal Financial Group Adds New Global Leaders to Executive Team\",\"datePublished\":\"2020-11-30T21:18:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/principal-financial-group-adds-new-global-leaders-to-executive-team\\\/\"},\"wordCount\":631,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/principal-financial-group-adds-new-global-leaders-to-executive-team\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20201130005900r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/principal-financial-group-adds-new-global-leaders-to-executive-team\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/principal-financial-group-adds-new-global-leaders-to-executive-team\\\/\",\"name\":\"Principal Financial Group Adds New Global Leaders to Executive Team - 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