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Principal appoints Deanna Strable as first female CEO; Iowa native has deep local ties

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Principal appoints Deanna Strable as first female CEO; Iowa native has deep local ties


Deanna Strable, a native Iowan and a Dowling Catholic High School graduate, will be the next CEO of Principal Financial Group, the company announced Tuesday.

Strable, the first woman to lead the Des Moines-based Fortune 500 firm, will take over Jan. 7, 2025. She will succeed Dan Houston.

“I am honored to be appointed as the company’s next president and CEO and build upon the strong foundation we’ve established under Dan’s leadership,” Strable said in a news release. “Throughout my career, I’ve seen Principal strengthen its position as a leading global financial services company dedicated to helping customers build strong financial futures. Alongside our committed and passionate colleagues around the world, I look forward to continuing our culture of innovation, inclusion, and service, with a focus on meeting customer needs to drive growth and create shareholder value.”

Houston will continue to serve as executive chair of the Principal board of directors, the company said.

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“It has been an honor to serve as president and CEO and work with so many talented employees around the world,” Houston said in the news release. “Deanna has been a trusted partner and a co-architect in the company’s growth strategy. I have the utmost confidence in her leadership and business acumen and look forward to working with her to ensure a smooth transition.”

One of Iowa’s largest financial firms, the company has nearly 19,000 employees worldwide serving 68 million customers. It has $288 billion in assets and had $14.9 billion in revenue and $1.3 billion in profits in 2024, according to Forbes.

Strable will join the Principal board in January. She has been the company’s president and chief operating officer since August, and before that had been chief financial officer since 2017. She also has been president of the company’s workplace benefits and insurance business.

“Deanna brings strategic vision, strong leadership experience, and a deep understanding of the company’s interconnected business units and great culture,” Scott M. Mills, lead independent director of the Principal board, said in the news release. “She has cultivated a breadth and depth of experience during her 35 years with Principal and held key leadership roles in shaping its strategy and portfolio of businesses. We look forward to her continued leadership driving Principal into the next phase of growth.”

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The news release said Strable has been instrumental in leading business strategy and operations. It said she helped build the company’s benefits and protection business as the first leader of its specialty benefits division before stepping into the role of business unit president in 2015.

Locally, Strable serves on the board of directors at Simpson College and previously held various positions for the United Way of Central Iowa.

Houston has served as president and CEO of Principal since 2015 and has held several leadership positions during his 40 years with the company. During his tenure, Principal’s market capitalization grew from $13 billion to more than $20 billion, the news release said.

“Dan has been the driving force behind Principal’s evolution over the last 10 years,” Mills said in the release. “He set the company’s growth agenda and led the company through significant transformation. Principal is in a position of strength today and is well positioned for continued growth thanks to his leadership.”

Kevin Baskins covers jobs and the economy for the Des Moines Register. Reach him at kbaskins@registermedia.com.

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Iowa Lottery Mega Millions, Pick 3 Midday results for May 8, 2026

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The Iowa Lottery offers several draw games for those aiming to win big with rewards ranging from $1,000 to millions. The most an Iowan has ever won from playing the lottery was $343 million in 2018 off the Powerball.

Don’t miss out on the winnings. Here’s a look at Friday, May 8, 2026, winning numbers for each game:

Winning Mega Millions numbers from May 8 drawing

37-47-49-51-58, Mega Ball: 16

Check Mega Millions payouts and previous drawings here.

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Winning Pick-3 numbers from May 8 drawing

Midday: 0-5-8

Evening: 9-9-2

Check Pick-3 payouts and previous drawings here.

Winning Pick-4 numbers from May 8 drawing

Midday: 0-2-7-3

Evening: 0-7-0-6

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Check Pick-4 payouts and previous drawings here.

Winning Millionaire for Life numbers from May 8 drawing

14-16-21-43-51, Bonus: 03

Check Millionaire for Life payouts and previous drawings here.

Feeling lucky? Explore the latest lottery news & results

When are the Iowa Lottery drawings held?

  • Powerball: 9:59 p.m. CT on Monday, Wednesday, and Saturday.
  • Mega Millions: 10:00 p.m. CT on Tuesday and Friday.
  • Lotto America: 9:15 p.m. CT on Monday, Wednesday, and Saturday.
  • Lucky for Life: 9:38 p.m. CT daily.
  • Pick 3 (Day): 12:20 p.m. CT daily.
  • Pick 3 (Evening): 10:00 p.m. CT daily.
  • Pick 4 (Day): 12:20 p.m. CT daily.
  • Pick 4 (Evening): 10:00 p.m. CT daily.
  • Millionaire for Life: 10:15 p.m. CT daily.

This results page was generated automatically using information from TinBu and a template written and reviewed by an Iowa editor. You can send feedback using this form.



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Iowa SNAP restrictions raise concerns over confusion, impact on summer food aid

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Iowa SNAP restrictions raise concerns over confusion, impact on summer food aid


Iowa’s new restrictions on SNAP benefits are drawing concern from advocates who say the changes could make it harder for families to buy food and could put future summer assistance for children at risk.

The state’s SNAP waiver took effect January 1, 2026, limiting what items can be purchased based on Iowa’s taxable food list. While that includes widely discussed restrictions on soda and candy, the policy also affects certain prepared foods, creating confusion for shoppers.

“Something as small as whether or not a utensil is included in a food item actually impacts whether or not you can continue to purchase that item using your SNAP benefits,” Paige Chickering, Iowa State Manager for the Save the Children Action Network, said.

Advocates say the rules can be difficult to navigate, especially for people relying on quick meals. Items like prepackaged salads or sandwiches may or may not qualify depending on how they are packaged.

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At the same time, new legislation slated for the next session at the statehouse could make those restrictions more permanent by requiring Iowa to continue seeking federal approval for the waiver.

That’s raising additional concerns about the future of Summer EBT, also known as “Sun Bucks,” which provides food assistance to children when school is out.

“This makes that food assistance dependent on a decision made in Washington, D.C. that is just arbitrary and not really dependent on the needs of Iowans and Iowa children,” Chickering said.

The program is expected to help around 220,000 children in Iowa during the summer months. Advocates worry leaving it up to federal approval of the waiver could jeopardize that support if policies change. They also point out that SNAP plays a major role in addressing hunger compared to other resources.

“We know that for every one meal provided by an emergency feeding organization, SNAP provides nine,” Chickering said.

Advocates say they support improving nutrition but argue there are more effective, evidence based ways to do that without limiting food choices.

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For now, organizations across Iowa are working to help families understand the new rules, while also pushing lawmakers to reconsider how the policy could impact food access moving forward.



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Harkin backs Turek for Iowa Senate

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Harkin backs Turek for Iowa Senate


Scoop: Iowa Democratic state Rep. Josh Turek snagged a major endorsement for his Senate bid from former Sen. Tom Harkin.

Harkin, who retired in 2015, was the last Democrat to represent Iowa in the Senate. Turek is locked in a competitive primary with state Sen. Zach Wahls in a race that has divided major factions of the Democratic Party.

“I have a pretty good idea of what it takes to win an election, and then to faithfully represent all Iowans, not just those who voted for you,” Harkin said in his endorsement. “That’s why I’m supporting Josh Turek.”

Harkin served in the Senate for 30 years and is the author of the Americans with Disabilities Act. Turek, who was born with spina bifida and uses a wheelchair, was 11 when the ADA was enacted.

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Harkin is a widely sought after endorsement in the Hawkeye State. His decision to wade into the race is notable because Harkin also has a relationship with Wahls.

Wahls called Harkin “one of my closest political mentors,” and said the former senator officiated his wedding in 2021.

Iowa’s Senate primaries are June 2.



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