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-management 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 Group
The 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.