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The Principal Announces Return of Retirement Regional Vice President

Randy Blanchetti will oversee southeastern region

April 1, 2010 (Des Moines, IA) - The Principal Financial Group® announces that Randy Blanchetti will re-assume the role of regional vice president of the southeastern region for Retirement and Investor Services, effective April 1, 2010.

Blanchetti returns to The Principal® after spending three years as a retirement plan consultant for American Funds. Prior to that, Blanchetti was regional vice president of retirement and investor services at The Principal as part of a 17-year career. He joined the company in 1989 and held several leadership positions.

"We are thrilled to have Randy resume his leadership role here at The Principal," said Doug Grove. "Randy is a retirement industry veteran and highly respected sales professional. He brings a wealth of knowledge and experience. We look forward to having him back on the team."

As regional vice president, Blanchetti will lead retirement professionals at The Principal who work with financial professionals to provide comprehensive retirement plan services to employer clients.

A native of Richmond, Virginia, Blanchetti earned his bachelor's degree in public relations from James Madison University in Harrisonburg, Virginia.

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 $284.7 billion in assets under management[2] and serves some 18.9 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.

Insurance products and plan administrative services are provided by Principal Life Insurance Company, a member of the Principal Financial Group® (The Principal®), Des Moines, IA 50392.

Copyright © 2010 Principal Financial Services, Inc. All rights reserved.
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[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 December 31, 2009.
Questions?

Call 515.246.4907 or see the full Media Relations contact list.

Call 515.246.4907 or see the full Media Relations contact list.

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