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The Principal Financial Group Announces Executive Leadership Changes

  The Principal Financial Group Announces Executive Leadership Changes

                 Julia Lawler and Tim Dunbar assume new roles

Business Wire

DES MOINES, Iowa -- December 05, 2012

The Principal Financial Group^® ^ announces that Julia Lawler, currently
senior vice president and chief investment officer (CIO) at  The Principal^®,
will become senior vice president – Investment Services. Tim Dunbar, currently
senior vice president – Strategy and Finance, will replace Lawler as senior
vice president and chief investment officer. The changes are effective in
January 2013.

“These senior leadership changes reflect The Principal’s continued growth as a
global investment management leader. As an early adopter of open investment
architecture and a multi-manager investment platform, today in the U.S. we
offer retirement clients investments from Principal Global Investors and 44
outside sub-advisory firms,” says Larry D. Zimpleman, chairman, president and
chief executive officer of The Principal. “Given the extensive growth of The
Principal globally, our international businesses require similar rigor around
the management of external investment firms in all the countries where we do
business. This is an ideal time to build on the experiences of our strong
senior management team and shift responsibilities accordingly.”

In Lawler’s new role, she will oversee The Principal retirement and mutual
fund investment platform for our clients across all outside asset managers
both domestically and globally. Her responsibilities will include global
investment performance monitoring, measurement and reporting, and maintaining
relationships with outside managers and our proprietary investment manager,
Principal Global Investors.

Lawler joined The Principal in 1984 as a commercial real estate representative
and was promoted in various real estate and senior equity roles. She also
served as head of Capital Markets before moving into the CIO role.

Dunbar will continue to oversee Capital Markets at The Principal, and will
replace Lawler in the chief investment officer role. He will oversee the
strategic allocation of the General Account and chair the company’s Investment
Committee. Dunbar joined the company in 1986 as an asset manager
representative. He also has served in a number of roles throughout the company
including Commercial Real Estate, equity management, and member of the global
management team for Principal International in Monterrey, Mexico. He was
appointed to head Capital Markets, Corporate Strategy and Corporate Treasury
areas in 2011.

Dennis Menken, portfolio manager, will be promoted to vice president and
portfolio manager for the organization’s General Account. He will be
responsible for managing the multi-sector insurance portfolios for Principal
Life Insurance Company. Menken joined The Principal in 1994. Prior to his
current role, he was a portfolio manager for the corporate segment. He also
has served as an auditor at Deloitte & Touche. He is a Chartered Financial
Analyst and Certified Public Accountant.

For more news and insights from The Principal, connect with us on Twitter at
http://twitter.com/ThePrincipal.

About the Principal Financial Group

The Principal Financial Group^® (The Principal ^®)^1 is a global investment
management leader offering retirement services, insurance solutions and asset
management. The Principal offers businesses, individuals and institutional
clients a wide range of financial products and services through its diverse
family of companies. Founded in 1879 and a member of the FORTUNE 500^®, the
Principal Financial Group has $392.2 billion in assets under management^2 and
serves some 18.3 million customers worldwide from offices in Asia, Australia,
Europe, Latin America and the United States. Principal Financial Group, Inc.
is traded on the New York Stock Exchange under the ticker symbol PFG. For more
information, visit www.principal.com.

^1 “The Principal Financial Group” and “The Principal” are registered service
marks of Principal Financial Services, Inc., a member of the Principal
Financial Group.

^2 As of September 30, 2012.

Contact:

Principal Financial Group
Susan Houser, 515-248-2268
Media Contact
houser.susan@principal.com
John Egan, 515-235-9500
Investor Contact
egan.john@principal.com
 
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