ING Principal gets new CEO in Japan

A pensions joint venture in Japan between Principal Insurance and ING Groep is getting a new CEO.

Greg Burrows, who has been running the shop since it was formed in January 2000, is moving home to the United States the first week of October and is handing the reins to Ron Shimoda.

Burrows came from Principal Insurance and is heading back to the company's headquarters in Des Moines, Iowa to oversee strategy for its retirement and investment services division. Shimoda, a Canadian national, is from ING Life Insurance, where he ran sales, marketing and distribution in Japan. He is familiar with the JV, as he has sat on its board of directors since its inception.

A change at the top comes at a delicate time. The JV was established to tackle...

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