UPDATE: Principal Financial Group Names Hochschild To Board

The Principal Financial Group^® PFG announced that Roger C. Hochschild, president and chief operating officer for Discover Financial Services, has joined The Principal^® Board of Directors effective March 18, 2015. "Roger will be a valuable Board member for The Principal. His prior experience with wealth management at Morgan Stanley as well as his technology and consumer financial background from Discover fit very well with our overall strategy," said Larry D. Zimpleman, chairman and CEO of The Principal. Hochschild has been in his current role with Discover since 2004. Prior to that, he was executive vice president, chief administrative and chief strategy officer of Morgan Stanley. He was chief marketing officer of Discover before that. Prior to joining Discover, Hochschild worked at MBNA America with responsibility for direct response marketing and Internet strategy. Hochschild has a bachelor's degree in economics from Georgetown University and an MBA from the Amos Tuck School at Dartmouth College. Hochschild commented, "I look forward to working closely with The Principal on continued expansion as the company deepens its extensive global reach and executes its aggressive growth strategy." For more research, analysis and insights from The Principal, visit The Principal Knowledge Center and connect with us on Twitter.