The Principal Financial Group® today announced the hiring of
Mike Parrett as vice president of consulting, effective August 18, 2014.
Parrett will provide advanced consulting to employee stock ownership
plans (ESOPs), including financial analysis and transaction structuring.
He will be based in Indianapolis.
"We are pleased to welcome Mike to The Principal® team," said
Jerry Ripperger, vice president of consulting at The Principal. "His
extensive experience in finance and ESOPs will be instrumental in
strengthening our consulting practice to better serve our clients."
Parrett has nearly 30 years of experience in finance, treasury and
operations management. Most recently, he served as senior vice president
and chief financial officer of Herff Jones, Inc., where he was
responsible for overseeing the company's merger and acquisition,
finance, treasury, insurance and risk-managment functions.
Parrett earned bachelor's degrees in accounting and business
administration from the University of Indianapolis and is a Certified
Public Accountant and Certified Treasury Professional. He previously
represented Herff Jones, Inc., on the Employee-Owned S Corporation of
America (ESCA) board and is a current member of the Association for
Financial Professionals (AFP).
About the Principal Financial GroupThe Principal Financial
Group® (The Principal®)1 is a global
investment management leader offering retirement services, insurance
solutions and asset management. The Principal offers businesses,
individuals and institutional clients a wide range of financial products
and services, including retirement, asset management and insurance
through its diverse family of financial services companies. Founded in
1879 and a member of the FORTUNE 500®, the Principal
Financial Group has $517.9 billion in assets under management2 and
serves some 19.4 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.
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 June 30, 2014.
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