Principal Financial Group announced today that Jerry Patterson will become the next senior vice president leading the full service retirement and individual investor businesses for Retirement and Income Solutions, effective early in the second quarter. He will succeed Senior Vice President Greg Burrows, who announced his intent to retire at the end of July. Burrows, who joined Principal in 1986, worked in several of the company’s U.S. offices as well as in Japan and Argentina to help design and implement retirement plans. Patterson is currently the senior vice president of RIS and has responsibility over individual investor, retail annuity, bank and full service payout. In his new position, he’ll continue to report to Nora Everett, president of RIS. “Jerry’s strong business acumen, innovative thinking and passion for helping people save and have enough in retirement makes him a natural successor,” Everett said in a release. Patterson joined Principal in 2001 as chief marketing officer for its life and health businesses. An internal and external search is underway to find his successor for the retail annuity, bank and full service payout businesses. To read a Business Record Insider article about Jerry Patterson, click here.