A Midwestern insurer has named a longtime company veteran to succeed its top executive.
The board of Principal Financial Group Inc., Des Moines, Iowa, has elected Larry Zimpleman to take over as chief executive officer May 1.
J. Barry Griswell, Principal’s current chairman and CEO, will give up the CEO title on that date but continue as chairman, Principal says.
“Zimpleman will assume complete responsibility for company strategy and operations,” Principal says.
Zimpleman began working for Principal in 1971 as a part-time actuarial student and became a full-time actuary in 1973.