Principal Funds’ president and CEO Nora Everett has been elected to the Investment Company Institute's Board of Governors. Everett, one of seven new members, will serve a three-year term expiring September 30, 2015.

Everett joined the Principal Financial Group in 1991 and was promoted to senior vice president in 2004. She became president of Principal Funds in 2008. Prior to joining The Principal, Everett practiced law in Washington, D.C.

"ICI has a longstanding commitment to promoting education, transparency and high ethical standards within the investment industry - for the benefit of fund shareholders," stated Everett. "I'm looking forward to working with my ICI colleagues on critical issues impacting our mutual fund investors and their retirement savings."

Principal Funds managed some $77 billion in mutual fund assets as of the end of June.

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