The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A Putnam C-Suite Alum Joins a Fund Firm's Parent's Board Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, June 5, 2020

A Putnam C-Suite Alum Joins a Fund Firm's Parent's Board

Reported by Ana Garcia Conway

A alumna of a large mutual fund firm's board recently joined the board of another fund firm's publicly traded parent.

Clare Stack Richer
Principal Financial Group
Board Member
On May 26, Clare Richer started as a board member for Des Moines, Iowa-based Principal Financial Group (parent of asset management Principal Global Investors, i.e. PGI).

Richer already serves on the boards of a publicly traded BDC, Bain Capital Specialty Finance, and of an ETF family, the State Street Global Advisors SPDR ETF Mutual Funds Board. She is also a trustee of the University of Notre Dame. (She serve's on the university's board's Compensation, Investment, Finance, and Audit Committee. She is also a board member of the Alzheimer's Association MA/NH chapter.

Dan Houston, chairman, president and CEO of Principal, said "Clare is a valuable addition to our Board having spent more than 35 years in our industry with significant time spent leading business lines, operations, and finance teams."

Richer previously served as chief financial officer of Putnam Investments, before retiring in 2017 after nine years with the fund firm. Prior, she occupied finance, operations, and P&L leadership roles at Fidelity Investments, including being the CFO and the executive vice president of the Fidelity Management and Research Company.

"[Richer's] extensive experience in the boardroom today and in the C-suite previously will help guide our business strategies to create long-term value for our customers and shareholders during an important time in our company’s history," said Houston.

Eleven directors , including the chairman, comprise Principal's Board. The Board meets quarterly, as well as once a year with Principal management as part of a strategy retreat. Richer will serve on the Audit and HR committees of the Board of Directors. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use