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Company Leaders

    Betsy J. Bernard , , , Past President – AT&T

    Betsy J. Bernard has been a Director of the Company since 2001 and of Principal Life since 1999. Ms. Bernard was President of AT&T from October 2002 until December 2003. Prior to October 2002, she was Chief Executive Officer of AT&T Consumer since April 2001.

    Ms. Bernard is also a director of two other public companies: Single Touch Systems, Inc., a technology based mobile solutions provider serving businesses, advertisers and brands; and Zimmer Holdings, Inc., which designs and manufacturers orthopedic reconstructive and other related surgical products.

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    Jocelyn Carter-Miller , , , President – TechEd Ventures

    Jocelyn Carter-Miller has been a Director of the Company since 2001 and of Principal Life since 1999. Ms. Carter-Miller has been President of TechEd Ventures, which specialized in the development and marketing of high performance educational and personal empowerment programming since 2005. Ms. Carter-Miller was Executive Vice President and Chief Marketing Officer of Office Depot, Inc. from February 2002 until March 2004. Prior to that time, Ms. Carter-Miller was Corporate Vice President and Chief Marketing Officer of Motorola, Inc.

    Ms. Carter-Miller is a director of two other public companies: Interpublic Group of Companies, Inc., a global marketing and communications company, and NetGear, Inc., a provider of networking products.

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    Gary E. Costley , , Ph.D. , , Retired Chairman and Chief Executive Officer – International Multifoods Corporation

    Gary E. Costley has been a Director of the Company and Principal Life since 2002. He was Chairman and Chief Executive Officer of International Multifoods Corporation, a manufacturer and marketer of branded consumer food and food service products, from November 1997 until June 2004 and following his retirement from International Multifoods was a cofounder and managing director of C & G Capital Management, LLC until May 2009.

    He is a director of three other public companies: Tiffany & Co., a holding company for Tiffany and Company, a jeweler and specialty retailer; Prestige Brand Holdings, Inc., a company that develops and markets over-the-counter drugs, household cleaning products and personal care items; and Covance, Inc., a drug development services company.

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    Michael T. Dan , , , Retired Chairman, President and Chief Executive Officer – The Brink's Company

    Michael T. Dan has been a Director of the Company and Principal Life since 2006. He served as Chairman, President and Chief Executive Officer of The Brink's Company, a global provider of secure transportation and cash management services, from 1999-2011.

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    Dennis H. Ferro , , , Retired President and Chief Executive Officer – Evergreen Investment Management Company

    Dennis H. Ferro has been a Director of the Company and Principal Life since November 1, 2010. Mr. Ferro served as President and Chief Executive Officer of Evergreen Investment Management Company, an asset management firm, from 2003 - 2008, and was the Chief Investment Officer of Evergreen from 1999 to 2003. From 1994-1999, he was Executive Vice President of Zurich Investment Management Ltd. and from 1991-1994 was Senior Managing Director of CIGNA International Investments.

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    C. Daniel Gelatt , , , Ph.D., President of NMT Corporation

    C. Daniel Gelatt has been a Director of the Company since 2001 and of Principal Life since 1988. Dr. Gelatt has been President of NMT Corporation, an industry leader in mobile mapping and workforce automation software and has been providing graphic imaging services to clients worldwide for more than 40 years, since 1987.

    He is also a director and President of these other Gelatt privately-owned companies: Elmwood Corporation, The Gelatt Corporation and Ginkgo, LLC. He is also a director of Advanced Marketing Concepts, Ltd., nPoint, Inc. and Board chairman of Trust Point, Inc.

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    Sandra L. Helton , , , Past Executive Vice President and Chief Financial Officer – Telephone and Data Systems, Inc.

    Sandra L. Helton has been a Director of the Company and Principal Life since 2001. Ms. Helton was Executive Vice President and Chief Financial Officer of Telephone & Data Systems, Inc., a diversified telecommunications corporation, from 1998 through 2006.

    She is a director of two other public companies, Covance, Inc., a drug development services company, and LexMark International, Inc., a provider of printing and imaging products, software, solutions and services that help customers save time and money.

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    Daniel J. Houston , , , President and Chief Operating Officer – Principal Financial Group

    Daniel J. Houston has been a Director of Principal Financial Group, Inc. (the “Company”) and Principal Life Insurance Company (“Principal Life”) since November 25, 2014. He has been President and Chief Operating Officer of the Company and Principal Life since November 25, 2014. He was President of Retirement, Insurance and Financial Services 2009 – November 2014, President of Retirement and Investor Services 2008-2009 and Executive Vice President 2006-2008.

    Mr. Houston is active on a number of boards including the Partnership for a Healthier America, Employee Benefits Research Institute, America’s Health Insurance Plans, United Way of Central Iowa, Mercy Medical Center and the Iowa State University Business School Dean’s Advisory Council.

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    Richard L. Keyser , , , Retired Chairman and Chief Executive Officer – W.W. Grainger, Inc.

    Richard L. Keyser has been a Director of the Company and Principal Life since 2002. Mr. Keyser served as Chairman Emeritus of W.W. Grainger, Inc., an international distributor of products used by businesses to maintain, repair and operate their facilities, April 2009 - April 2010. He had been Chairman of the Board of Grainger since September 1997 and served as Grainger's Chief Executive Officer from March 1995 - May 2008.

    Mr. Keyser is a director of one other public company: Zebra Technologies Corporation, which provides barcode and specialty label printing solutions.

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    Luca Maestri , , , Senior Vice President and Chief Financial Officer – Apple Inc.

    Luca Maestri has been a Director of the Company and Principal Life since February 1, 2012. Mr. Maestri has been Senior Vice President and Chief Financial Officer of Apple Inc., which designs and markets mobile communication and media devices and personal computers, since May 29, 2014. He was Corporate Controller of Apple from March 2013 – May 28, 2014, Chief Financial Officer and an Executive Vice President of Xerox Corporation from February 2011 – February 2013 and Chief Financial Officer of Nokia Siemens Networks from 2008 – February 2011. Before joining Nokia, he held senior executive finance positions with General Motors Corporation. A 20 year employee of GM, he served as CFO of GM Europe and GM Brazil, and was executive in charge of the Fiat Alliance for GM Europe in Switzerland. Earlier in his career, Mr. Maestri was CFO of GM Thailand, director of operations analysis for GM Asia Pacific, and CFO of GM Ireland.

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    Elizabeth E. Tallett , , , Principal – Hunter Partners, LLC

    Elizabeth E. Tallett has been a Director of the Company since 2001 and of Principal Life since 1992. Ms. Tallett has been a Principal of Hunter Partners, LLC, a management company for early to mid stage pharmaceutical, biotech and medical device companies, since July 2002.

    She is a director of three other public companies: Meredith Corporation, a media and marketing company; Qiagen, N.V., the leading global provider of sample and assay technologies; and WellPoint, a health benefits company.

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    Larry D. Zimpleman , , , Chairman and Chief Executive Officer – Principal Financial Group

    Larry D. Zimpleman has been a Director of the Company and Principal Life since 2006. He has been Chairman and Chief Executive Officer of the Company and Principal Life since November 25, 2014. He was Chairman, President and Chief Executive Officer of the Company and Principal Life from May 2009 – November 2014, President and Chief Executive Officer of the Company and Principal Life from May 2008 to May 2009, President and Chief Operating Officer of the Company and Principal Life from June 2006 to May 2008, and President, Retirement and Investor Services of the Company and of Principal Life from December 2003 to June 2006.

    Mr. Zimpleman is a member of the board of directors of the American Council of Life Insurers and chairs the board of trustees of Drake University. He is chair of the Iowa Business Council and Chair of the Financial Services Roundtable.

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