Principal Financial Group Appoints New Head of Global Risk
Julia Lawler to retire after 36 years
Principal Financial Group announced Ken McCullum, vice president and chief actuary, will become the next chief risk officer, following the retirement of Julia Lawler, executive vice president and chief risk officer, after 36 years with the company.
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“In addition to Ken’s extensive industry experience and knowledge, he’s spent the last five years with Principal helping to transform our finance capabilities across the organization”
McCullum, who will assume the new responsibilities on September 28 and fully transition following Lawler’s departure in early November, has served as the company’s chief actuary the last five years after joining Principal® from Delaware Life Insurance Company. As chief risk officer, he will be responsible for developing and overseeing the enterprise risk strategy and framework, leading internal audit and risk, financial and operational risk, and the corporate actuarial department.
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“In addition to Ken’s extensive industry experience and knowledge, he’s spent the last five years with Principal helping to transform our finance capabilities across the organization,” said Dan Houston, chairman, president, and chief executive officer. “His strong financial and risk management acumen, coupled with his investment and product background, positions him well to understand the complexity of risk in our organization.”
Lawler departs after spending 36 years at Principal in several leadership roles, including chief risk officer since 2018 and as a chief investment officer for Principal. She began her career at the company as a commercial real estate representative.
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