Larry D. Zimpleman is the CEO of Principal Financial Group, a role he's held since May 2008. Under his leadership, the company has focused on helping customers with financial services and retirement solutions. He has a strong background in finance,...
Larry D. Zimpleman is the CEO of Principal Financial Group, a role he's held since May 2008. Under his leadership, the company has focused on helping customers with financial services and retirement solutions. He has a strong background in finance, which has shaped his approach to growing the business. In 2023, Zimpleman earned a total compensation of $15.1 million, which included a salary of $1.05 million and bonuses based on the firm’s performance. Notably, he saw a significant increase in stock awards, with over 91,000 shares vesting in value above $7.3 million. His substantial stock holdings highlight a commitment to the company’s success, with regular insider trading activities that show confidence in the firm's direction. From 2019 to 2024, his insider trades fluctuated in value, often exceeding $4 million in a month, indicating a highly active and involved leadership approach. Interestingly, he has also been part of the company’s board and has previously held positions like chairman. Even after retiring from employee status in 2016, he stayed involved as a director, demonstrating a long-term commitment to Principal's vision and mission.