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Press release from Business Wire

The Principal Financial Group Announces Executive Promotions

Wednesday, March 28, 2012

The Principal Financial Group Announces Executive Promotions08:00 EDT Wednesday, March 28, 2012 DES MOINES, Iowa (Business Wire) -- The Principal Financial Group® (NYSE: PFG) announces the following executive promotions, effective immediately: Angela Sanders to senior vice president; remains controller, The Principal®Roberto Walker to senior vice president; remains president, Principal International Latin America “These well-deserved promotions reflect our commitment to comprehensive succession planning and thoughtful implementation of our growth strategies,” said Larry Zimpleman, chairman, president and chief executive officer of The Principal. Sanders joined The Principal in 1989 as a staff accountant in the financial reporting department. She most recently served as vice president and continues her role as controller in the corporate accounting department. Sanders earned bachelor's and master's degrees in accounting from the University of Iowa in Iowa City, Iowa. She is a Certified Public Accountant. Walker joined Principal International in 1996 and is based in Santiago, Chile. He most recently was vice president and continues his role as president of Principal International Latin America. He has held several roles including chief operating officer of Principal International Latin America, country head of Principal Mexico and chief investment officer and chief financial officer of Principal Chile. Prior to joining Principal Chile, Walker was chief investment officer of Citibank Global Asset Management and managing director of Citibank Asset Management in Chile. He holds a bachelor's degree in business administration with specializations in economics and finance from Universidad de Chile. About the Principal Financial GroupThe Principal Financial Group® (The Principal ®)1 is a global investment management leader including retirement services, insurance solutions and asset management. The Principal offers businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through its diverse family of financial services companies. Founded in 1879 and a member of the FORTUNE 500®, the Principal Financial Group has $335.0 billion in assets under management2 and serves some 18.0 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 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 Dec. 31, 2011. The Principal Financial GroupJaime Naig,