The Principal Financial Group Announces Norman R. Sorensen Named President - International Asset Management and Accumulation
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|DES MOINES, Iowa, Feb 24, 2010 (BUSINESS WIRE) -- The Principal Financial Group(R) announced the promotion of
Norman R. Sorensen to president - International Asset Management and
Accumulation, the Principal Financial Group, and he continues as
president and chief executive officer of Principal International, Inc.
The promotion is effective immediately. Sorensen is responsible for
managing businesses of The Principal(R) outside the United
States in the company's international asset management and accumulation
According to Larry D. Zimpleman, chairman, president and chief executive officer of The Principal, "This promotion reflects the strategic importance and business growth potential that the global market represents to the future of The Principal."
Sorensen joined The Principal in 1998. Previously he was a senior executive at American International Group (AIG). Prior to joining AIG, he held a number of senior international marketing and general management positions at American Express Company and Citigroup. Sorensen is a member of the Boards of Directors of Principal Asset Management Company and Principal Insurance Company (Hong Kong), BrasilPrev Seguros & Previdência (Brazil), Principal Vida (Chile), Principal-PNB Asset Management Company (India), Principal International, Inc., (U.S.), and Principal AFORE and Principal Life (Mexico)
Outside of The Principal, Sorensen is vice chairman of the International Insurance Society (IIS), New York,; chairman of the Global & Trade Committee of the Financial Services Roundtable (FSR), Washington, D.C., and a member of the Board of Directors of Sara Lee Corporation (NYSE:SLE), Downers Grove, Illinois.
Sorensen is a graduate of the United States Air Force Academy (USAFA) and Columbia University's Executive Program for International Managers. He is based at the Principal Financial Group home office in Des Moines, Iowa, U.S.A. Principal International, the global arm of the Principal Financial Group, has operations in nine countries and serves over eight million international customers.
About the Principal Financial Group
1 "The Principal Financial Group" and "The Principal" are
registered service marks of Principal Financial Services, Inc., a member
of the Principal Financial Group.
SOURCE: The Principal Financial Group
The Principal Financial Group