Principal Financial Group Names Dan to Board of Directors

Des Moines, Iowa-based The Principal Financial Group will appoint Michael T. Dan to the company’s Board of Directors at its May 15-16, 2006 meeting.

Currently Dan is chairman, president and chief executive officer of The Brink’s Company. Prior to joining Brink’s in 1982, Dan served as president of Armored Vehicle Builder, Inc.

Dan is a member of the Business Roundtable and serves as sub-committee chairman on the Security Task Force. He also serves on the 2006 Kennedy Center corporate Fund Board as vice chairman. He studied business and accounting at Morton College in Cicero, Ill. and completed the advanced management program at Harvard Business School.

“Michael Dan’s keen business sense and experience in working with successful international and diverse operations make him an asset to our Board of Directors,” said J. Barry Griswell, chairman and CEO, the Principal Financial Group.

The Principal Financial Group offers businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies. A member of the Fortune 500, the Principal Financial Group has $195.2 billion in assets under management and serves some 15.6 million customers worldwide.

Source: The Principal Financial Group