Latest news with #Principal
Yahoo
20-05-2025
- Business
- Yahoo
Principal® Names Joel Pitz Executive Vice President and Chief Financial Officer
Pitz fills role previously held by Deanna Strable, President & CEO DES MOINES, Iowa, May 20, 2025--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG) today announced the appointment of Joel Pitz as executive vice president and chief financial officer, effective immediately. Pitz steps into the role after 30 years with Principal and brings extensive experience in successfully aligning financial strategy to business goals. "Joel has demonstrated strong leadership throughout his time at Principal and during his tenure as interim CFO which will continue to serve the company well," said Deanna Strable, Principal president and CEO. "Not only is his expertise highly valued by the organization, but he has also proven to be a trusted advisor to me personally." Pitz served Principal as senior vice president and controller prior to his appointment to interim CFO in August 2024. Before taking on the role of controller, he served as the CFO for international businesses, where he oversaw global finance and strategy for emerging market operations. He's held several leadership positions during his tenure with Principal, including chief accounting officer. "I'm honored to step into the role of chief financial officer," said Pitz. "I look forward to working alongside our talented teams as we continue to drive sustainable growth and create value for our stakeholders now and into the future." Pitz succeeds Deanna Strable, who was named president and chief operating officer in August of 2024 and president and chief executive officer in January 2025. About Principal Financial Group® Principal Financial Group® (Nasdaq: PFG) is a global financial company with approximately 20,000 employees1 passionate about improving the wealth and well-being of people and businesses. In business for 145 years, we're helping approximately 70 million customers1 plan, protect, invest, and retire, while working to support the communities where we do business. Principal is proud to be recognized as one of the 2024 World's Most Ethical Companies2 and named as a Best Places to Work in Money Management3. Learn more about Principal and our commitment to building a better future at 1 As of March 31, 20252 Ethisphere, 20253 Pensions & Investments, 2024 View source version on Contacts Media contact: Sara Bonney, 515-878-0835, Investor contact: Humphrey Lee, 515-235-9500, Sign in to access your portfolio
Business Wire
20-05-2025
- Business
- Business Wire
Principal ® Names Joel Pitz Executive Vice President and Chief Financial Officer
DES MOINES, Iowa--(BUSINESS WIRE)-- Principal Financial Group ® (Nasdaq: PFG) today announced the appointment of Joel Pitz as executive vice president and chief financial officer, effective immediately. Pitz steps into the role after 30 years with Principal and brings extensive experience in successfully aligning financial strategy to business goals. 'Joel has demonstrated strong leadership throughout his time at Principal and during his tenure as interim CFO which will continue to serve the company well,' said Deanna Strable, Principal president and CEO. 'Not only is his expertise highly valued by the organization, but he has also proven to be a trusted advisor to me personally.' Pitz served Principal as senior vice president and controller prior to his appointment to interim CFO in August 2024. Before taking on the role of controller, he served as the CFO for international businesses, where he oversaw global finance and strategy for emerging market operations. He's held several leadership positions during his tenure with Principal, including chief accounting officer. 'I'm honored to step into the role of chief financial officer,' said Pitz. 'I look forward to working alongside our talented teams as we continue to drive sustainable growth and create value for our stakeholders now and into the future.' Pitz succeeds Deanna Strable, who was named president and chief operating officer in August of 2024 and president and chief executive officer in January 2025. About Principal Financial Group® Principal Financial Group® (Nasdaq: PFG) is a global financial company with approximately 20,000 employees 1 passionate about improving the wealth and well-being of people and businesses. In business for 145 years, we're helping approximately 70 million customers 1 plan, protect, invest, and retire, while working to support the communities where we do business. Principal is proud to be recognized as one of the 2024 World's Most Ethical Companies 2 and named as a Best Places to Work in Money Management 3. Learn more about Principal and our commitment to building a better future at 1 As of March 31, 2025 2 Ethisphere, 2025 3 Pensions & Investments, 2024
Associated Press
15-05-2025
- Business
- Associated Press
Honoring the Experience of Military Community Employees
Three of our employees share their unique experiences in both the military and corporate worlds: CJ as an active service member, Rhonda as a veteran, and Shelby as a military parent. One common theme: They feel their experience is supported and valued at Principal. CJProcess improvement consultant Captain, U.S. Air Force Military journey I joined the International Guard when I was 18, starting basic training three weeks after I graduated high school. I started out as a jet mechanic and now have transitioned to an officer position leading a team. At first, I was primarily focused on the educational and life experience benefits, but I quickly became passionate about serving my country. A family tradition My two older brothers are in the Air Force as well. And when it comes to my brothers, I'm fairly impressionable. I love and look up to them a lot. So, I joined for that reason as well. We deployed together in 2021 to Saudi Arabia, which was a very unique experience. From the military to Principal I joined Principal through the rotational program, which allowed me to explore different opportunities across the company, as I wasn't sure what I wanted to do after I graduated college. I realized the culture is amazing, and the products we sell really do help people. I felt supported to provide value quickly and progress in my military career at the same time. Ultimately, I landed in Corporate Accounting and have been focused on continuous improvement efforts for the past six years. Fulfilling dual responsibilities Principal has always allowed me to focus on my mission at hand. While working here, I've been deployed overseas once, activated twice—including during the COVID-19 pandemic—and have participated in multiple trainings that required time away. Throughout it all, I've felt nothing but support and gratitude from my Principal family. I've received heartfelt letters and generous gifts from my team. When I was deployed to Saudi Arabia, my peers were amazed by the care package sent by my Principal team; it was truly humbling and a powerful reminder of the support behind me. Advocating for others I think the biggest difficulty is the translation gap between how the military describes your responsibilities versus how corporate America would. I recommend finding a professional organization or a mentor who previously made that transition to help bridge that gap. I had my brothers and a mentor who coached me through the transition. Now, I advocate for and coach younger airmen to identify the responsibility they hold; there's a lot of weight and power to it that they probably don't recognize. Closing the skills translation gap: When you search for a job at Principal, you can enter your MOS code to find roles that match your military skills. Rhonda Advisor care specialistArmy veteran Military journey I entered the military right out of high school. I gained confidence and discipline through serving as a squad leader throughout basic training and as the designated class leader throughout extensive eight-month schooling. That experience earned me an opportunity to serve at the Pentagon for the Army Chief of Staff for Intelligence (and top-secret security clearance) at age 19. From the military to Principal My time in the military provided me with skillsets to successfully navigate university (a disciplined approach to studying and time management) as well as the confidence and organizational skills needed for every step in my career, including my time at Principal since 2001. Finding community In my early days at Principal, I joined the board of our Veteran Employee Resource Group (VERG), helping bring military community events and fundraisers to our satellite offices. There, I found camaraderie and community. Even though our experiences were different, it was fun to connect and see the passion that we all had for supporting veterans. A note for potential military employees I think Principal is among the top tier of employers with their support of veterans. They actively seek out veterans and military people for employment. They view military experience as a huge asset. They know that veterans bring a lot to the table with their experience, and there's a good chance there's a position that will fit you perfectly. Shelby Licensed senior client investment and expense associateMilitary mom and granddaughter A family tradition Both my grandfathers are veterans. One served in Japan and the other is a Korean War combat veteran. Listening to them talk about their experiences instilled a sense of respect and appreciation for the sacrifices they made. Sharing military stories has also helped bridge connections across generations, as my two stepdaughters currently serve in the Marines. Finding community at Principal Being a mom of military service members means experiencing a wide range of emotions at any given period, including pride, worry, and anxiety, which can all affect your career. I've been able to network with other employees through VERG who were going through similar situations with their own children, along with military veterans who offered support and guidance along the way. Leaning into flexibility One thing we've learned being a military family is that things can change quickly. It can be hard to schedule holidays and other family gatherings; sometimes we might only have a week's advance notice. Fortunately, my leaders are incredible about giving me the flexibility to take time off when opportunities for family time come. Learn more about our benefits, like flexibility and time away. Military to corporate values The work environment at Principal is based on integrity, respect, community, and trust—very similar to that of the military. I am proud to work for a company with these strong values. Everything has a trickle effect. If I instill these same values in my home and in my family, my hope is that my children will continue to instill these values in their lives, whether in the military or civilian world. A full circle moment After my grandpa passed, my grandmother wanted his clothes to go to another veteran. Through a VERG event, I had the opportunity to fulfill her wish at a local veteran's shelter. That was a humbling, full circle moment. Principal® is an equal opportunity employer and an E-Verify participant. All qualified applicants will receive consideration for employment without regard to age, race, color, religion or religious creed, sex, gender, gender identity, gender expression, pregnancy, national origin, ancestry, citizenship status, mental or physical disability, medical condition, genetic information or characteristics, sexual orientation, marital status, domestic partner status, military status, protected veteran status, or any other characteristic protected by law. We also prohibit harassment on these bases. Know your rights: Workplace discrimination is illegal ( If at any stage of the employment application process you need a reasonable accommodation due to a disability, contact Human Resources at [email protected] or 1-866-524-6947. Read our employment policies for more information. Recruitment fraud is a scheme that offers fictitious job opportunities to people. This type of fraud is normally done through online services such as bogus websites, social media, or through unsolicited emails/SMS texts claiming to be from Principal or Principal employees. Only applicants who have filled out an official application on our career site ( ) will be considered for employment opportunities. Principal will never ask for money during any stage of the employment application process. If you receive a communication (e.g., LinkedIn message, Facebook Messenger, SMS text, personal email, etc.) asking for money or personal financial information, don't engage or respond. Please contact our Human Resources team at [email protected] or 1-866-524-6947, and your local law enforcement. For more information, review our recruitment fraud information. You can review our U.S. workforce privacy notice (PDF). Insurance products and plan administrative services provided through Principal Life Insurance Company®, a member of the Principal Financial Group®, Des Moines, IA 50392. 4468340-052025 Visit 3BL Media to see more multimedia and stories from The Principal Financial Group
Cision Canada
12-05-2025
- Business
- Cision Canada
PRINCIPAL TECHNOLOGIES ANNOUNCES CLOSING OF PRIVATE PLACEMENT FINANCING
VANCOUVER, BC, May 12, 2025 /CNW/ - Principal Technologies Inc. (the " Company" or " Principal") (TSXV: PTEC) (FWB: JO7) announces, further to its news releases dated April 28, 2025, regarding the financing agreement reached with RLOX Beteiligung GmbH (the " Financing Agreement"), and May 2, 2025, with respect to a further financing transaction, respectively, the closing of its private placement financings (together, the " Offering") issuing an aggregate of 4,120,000 common shares of the Company (the " Common Shares") at a price of $0.25 per Common Share, thereby raising proceeds of $1,030,000 (the " Proceeds"). No finder's fees were paid and the Proceeds are intended to fulfill the research and development funding obligations of Principal's Licence of Technology Agreement with Oxford University Innovation Limited (see news release dated April 8, 2025) and for general working capital purposes. The Common Shares are subject to a statutory hold period expiring September 10, 2025, being the date that is four months and one day from the date of issuance in accordance with applicable Canadian securities legislation. The Offering remains subject to final acceptance by the TSX Venture Exchange. As disclosed in the Company's news release dated April 28, 2025, further non-brokered private placements are anticipated in connection with the Financing Agreement, as follows: (1) Issuance date will be the latter of the date shown and the date of acceptance by the TSX Venture Exchange. (2) Issuance share price will be the greater of the price shown and the applicable Market Price as such term is defined in the policies of the TSX Venture Exchange. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to available exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. Related Party Participation in the Offering A significant shareholder of the Company participated in the Offering by purchasing an aggregate of 1,000,000 of the Common Shares. The participation by Markus Mair, an insider of Principal, through a company he owns and controls constituted a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (" MI 61-101"). The Company relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the securities purchased by the insider, nor the consideration for the securities paid by such insider, exceeded 25% of Principal's market capitalization. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Offering, which the Company deems reasonable in the circumstances in order to complete the Offering in an expeditious manner. The Offering was unanimously approved by the Company's board of directors. About Principal Technologies Principal Technologies Inc. is a Canadian-based healthcare acquisition company. The Company is engaged in building a portfolio of profitable healthcare technology companies with a focus on those with global distribution potential which have intellectual property capable of enhancing medical treatment quality, cost efficiency, optimization of the patient pathway, and implementation of point of care technologies. ON BEHALF OF THE BOARD Jerry Trent, Chief Executive Officer Principal Technologies Inc. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Statements This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or" should" occur or be achieved. All statements in this news release, other than statements of historical fact, including, without limitation, statements relating to TSX Venture Exchange final acceptance of the Offering, the use of Proceeds, further private placements anticipated in connection with the Financing Agreement, and the future plans and business of Principal are forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Principal, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability of the Company to obtain final acceptance of the Offering and the ability of the Company to proceed with the further private placements related to the Financing Agreement on the terms anticipated or at all.
United News of India
03-05-2025
- General
- United News of India
Telangana Governor flags off eco-friendly livelihood initiative for tribal communities in Telangana
Hyderabad, May 3 (UNI) The Governor of Telangana, Jishnu Dev Varma, flagged off vehicles carrying machinery for the production of eco-friendly leaf plates and cups, which are to be distributed to tribal villages. This initiative, funded through the Governor's Discretionary Grants, aims to support the livelihoods of Particularly Vulnerable Tribal Groups (PvTGs). The flag-off ceremony took place at Raj Bhavan, Hyderabad on Saturday, a Raj Bhavan communique said. Following the event, the Governor interacted with young members of PvTG communities, including those undergoing training in leaf plate production and as nature guides. These efforts are part of a broader mission to enhance sustainable livelihood opportunities for indigenous populations. A group of 32 local youth, primarily from the Chenchu community—known for their deep-rooted connection with the forest—have been trained as nature guides at The Naturalist School in Bengaluru. With ₹15 lakh in support from the Hon'ble Governor allocated for the Nagarkurnool district, the program is designed to help these youth gain meaningful employment while enabling tourists to experience the Nallamala forest's cultural richness and biodiversity. In his address, the Governor highlighted the cultural importance of tribal communities, describing them as the original guardians of nature. He reiterated his commitment to improving their quality of life through focused and inclusive development initiatives. He remarked that Adivasis live beyond the boundaries of caste, creed, or religion, and that their lives are deeply intertwined with nature and guided by time-honoured traditions. Living with simplicity and minimal needs, they derive contentment not from material wealth, but from their harmonious relationship with the natural world. Commending the enthusiasm and potential of tribal youth, the Governor stated, 'These are not favours, these are your rights. This is your time,' encouraging them to seize emerging opportunities for growth and empowerment. The event was attended by several senior officials, including M. Dana Kishore,Principal Secretary to the Governor; Dr G. Narendra Kumar, Director General, NIRDPR; Dr A. Sharat, Secretary, Tribal Welfare; Badavath Santhosh, Collector of Nagarkurnool; Rohit Gopidi, Project Officer, ITDA (Chenchus); and Dr A Ramulu, CEO, Indian Red Cross Society (Telangana). Representatives from Leaf Plate Technologies Pvt. Ltd., Raj Bhavan, and Red Cross district units from Nagarkurnool, Bhadradri Kothagudem, and Adilabad were also present. UNI VV ARN
