How a new Fortune 500 CEO went from intern to head of a $13 billion company

Fortune11-21 21:24

Good morning! Linda McMahon is Trump's pick for Department of Education secretary, Comcast's spinoff plan gives Donna Langley a higher position, and Fortune’s Alicia Adamczyk sat down with Principal ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2485414061?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/kxkijO4jMLgU6RQJnOZqBg--~B/aD0xMzY0O3c9MjA0ODthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/fortune_175/5f41a3476e443f2362191673d5d0737d","is_english":true,"pubTime":"2024-11-21 21:24","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2485414061","market":"us","top_or_hot":-1,"title":"How a new Fortune 500 CEO went from intern to head of a $13 billion company","media":"Fortune","content":"<div>\n<p>Good morning! Linda McMahon is Trump's pick for Department of Education secretary, Comcast's spinoff plan gives Donna Langley a higher position, and Fortune’s Alicia Adamczyk sat down with Principal ...</p>\n\n<a href=\"https://finance.yahoo.com/news/fortune-500-ceo-went-intern-132450612.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How a new Fortune 500 CEO went from intern to head of a $13 billion company</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow a new Fortune 500 CEO went from intern to head of a $13 billion company\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-21 21:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fortune-500-ceo-went-intern-132450612.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Good morning! Linda McMahon is Trump's pick for Department of Education secretary, Comcast's spinoff plan gives Donna Langley a higher position, and Fortune’s Alicia Adamczyk sat down with Principal ...</p>\n\n<a href=\"https://finance.yahoo.com/news/fortune-500-ceo-went-intern-132450612.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4534","symbol_name":"瑞士信贷持仓","start_time":0,"source_url":"https://finance.yahoo.com/news/fortune-500-ceo-went-intern-132450612.html","article_id":"2485414061","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/kxkijO4jMLgU6RQJnOZqBg--~B/aD0xMzY0O3c9MjA0ODthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/fortune_175/5f41a3476e443f2362191673d5d0737d"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485414061","pubTimestamp":1732195490,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Linda McMahon is Trump's pick for Department of Education secretary, Comcast's spinoff plan gives Donna Langley a higher position, and Fortune’s Alicia Adamczyk sat down with Principal Financial Group's first female CEO.- Principled leadership. As a math and economics major at Northwestern, Deanna Strable took an actuarial internship at Principal Financial Group in the late 1980s. An Iowa native, Strable felt at home at the Des Moines-based insurance and benefits company; when she graduated, she kept comparing potential employers to Principal and finding them lacking. She stuck with Principal, moving up the ranks over the past 35 years from intern to actuarial assistant to COO and CFO, with about a dozen other roles in between.Of course, Strable owes just as much credit to her own work ethic and strategic thinking. Over time, she created a leadership mantra for herself: \"I’m going to try to work myself out of a job.\" Much like the mentors who pushed her, that meant preparing her team t","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4534":"瑞士信贷持仓","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","PFG":"信安金融","BK4585":"ETF&股票定投概念","BK4162":"人寿与健康保险","BK4588":"碎股","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","BK4566":"资本集团"},"translate_title":"一位新任财富500强首席执行官如何从实习生成为一家价值130亿美元公司的负责人","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PFG":0.9},"content_text":"Good morning! Linda McMahon is Trump's pick for Department of Education secretary, Comcast's spinoff plan gives Donna Langley a higher position, and Fortune’s Alicia Adamczyk sat down with Principal Financial Group's first female CEO.\n- Principled leadership. As a math and economics major at Northwestern, Deanna Strable took an actuarial internship at Principal Financial Group in the late 1980s. An Iowa native, Strable felt at home at the Des Moines-based insurance and benefits company; when she graduated, she kept comparing potential employers to Principal and finding them lacking. She stuck with Principal, moving up the ranks over the past 35 years from intern to actuarial assistant to COO and CFO, with about a dozen other roles in between. \nStarting in January, the former intern will be 145-year-old Principal’s first female CEO and president. Strable is succeeding Dan Houston, president and CEO since 2016, a close friend, mentor, and colleague she has worked side-by-side with for years. \nStrable is a fount of business knowledge, meeting with the Fortune team earlier this week to discuss everything from her advice to early-career workers—\"For your hard skills, lean into your strengths. For your soft skills, lean into your weaknesses,\" she says—to the growing trend of CFOs becoming CEOs.  \nBut one of the most striking parts of the conversation was her reflections on all of the men who have stepped up to support her throughout her career. Houston reconfigured his own career and retirement timeline so that she could be in the running for the top spot. Her husband, who was also an executive at Principal, will retire ahead of her promotion (he would have reported to her, which Principal does not allow). Other bosses throughout her three-plus-decades at the company pushed her outside of her comfort zone and told her she was capable of more.\n\"I needed a little nudge most of the time\" says Strable of taking on increasingly senior roles. And when she did move on, \"it was never about a particular job. It was more about, do I continue to feel challenged? Am I learning every day when I come to work? Do I enjoy who I'm working with, and do I see us, me, contributing to the company in a positive way?\"\nStrable also emphasized the importance of finding a work environment that encourages—and helps facilitate—employees to move around and try new things. She was given the opportunity to transition from technical roles to leadership ones, and worked in different departments across the company throughout her career, including a stint abroad in Brussels. All of those teachings have helped propel her to becoming the CEO of a Fortune 500 company (Principal is currently 310 on the list).\nOf course, Strable owes just as much credit to her own work ethic and strategic thinking. Over time, she created a leadership mantra for herself: \"I’m going to try to work myself out of a job.\" Much like the mentors who pushed her, that meant preparing her team to take over for her while solving as many problems as she could. By doing so, she could signal to more senior leaders that she was ready for the next opportunity, whatever that might be. But it has other benefits for Principal as a whole.\n\"It really helped me reinforce how I was leading my people, how I was delegating to them, how I was teaching them,\" she says. \"It did help me be considered for opportunities, because if the organization can see you have a good successor, they're going to be more willing to move you to another role.\"\nStrable has plenty of plans for her time as CEO, but one of her priorities will be to continue to mentor the next generation of workers at Principal. After all, the next transformative executive just may be the current intern.\nAlicia Adamczykalicia.adamczyk@fortune.com\nThe Most Powerful Women Daily newsletter is Fortune’s daily briefing for and about the women leading the business world. Today’s edition was curated by Nina Ajemian. Subscribe here.\nThis story was originally featured on Fortune.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485414061"}