Principal Financial Group President And CEO Larry D. Zimpleman Named To ACLI's Board Of Directors
October 23, 2008 (Washington, D.C.) — The American Council of Life Insurers (ACLI), whose member companies provide financial and retirement security to millions of consumers, has named Larry D. Zimpleman, President and Chief Executive Officer of the Principal Financial Group®, to its Board of Directors. Mr. Zimpleman will serve through 2010.
“Larry's expertise in our nation's retirement security challenges and his knowledge of the legislative and regulatory issues affecting our industry will be an asset to our Board,” said ACLI President and CEO Frank Keating. “As a member of our Board, Larry will play a key role in guiding ACLI policy as we develop strategic initiatives that will enhance our industry's mission to address Americans' financial and retirement security concerns.”
Mr. Zimpleman joined The Principal® in 1971 as an actuarial intern. From 1976 to 1997 he served in various management and leadership positions at the officer level in the pension department. He was named Vice President in 1997, Senior Vice President in 1999, Executive Vice President in 2001, President of Retirement and Investor Services in 2003, and President and Chief Operating Officer in 2006. He was named to his current role in 2008.
Mr. Zimpleman currently serves as a member of the Board of Trustees for Drake University. He is also a member of the Board of the Employee Benefit Research Institute. In both 2002 and 2006, Mr. Zimpleman was elected to serve as a delegate to the National SAVER Summit held in Washington, D.C.
Mr. Zimpleman earned his bachelor's degree and his master's degree in business administration from Drake University in Des Moines, Iowa. Mr. Zimpleman has previously sat on the board of directors and the audit committee for the Nippon Life Insurance Company of America. He is Fellow of the Society of Actuaries, an Enrolled Actuary, a member of the American Academy of Actuaries, a member of the Des Moines Actuaries' Club, and a past president of the American Academy of Actuaries. He is also a past member of the Board of Governors of the Society of Actuaries.
About ACLI
The American Council of Life Insurers (ACLI) is a Washington, D.C.-based trade association whose 353 member companies account for 93 percent of the life insurance industry's total assets in the United States, 93 percent of life insurance premiums and 94 percent of annuity considerations. In addition to life insurance and annuities, ACLI member companies offer pensions, including 401(k)s, long-term care insurance, disability income insurance and other retirement and financial protection products, as well as reinsurance. ACLI's public Web site can be accessed at www.acli.com.
About the Principal Financial Group
The Principal Financial Group® (The Principal®)[1] is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies. A member of the Fortune 500, the Principal Financial Group has $308.0 billion in assets under management[2] and serves some 19.0 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 www.principal.com.
