Economics and Decision Sciences
Featured Alumnus 2005
Randall L. Nyberg
Randall L. Nyberg (MA 78) is Second Vice President, Principal Financial Group, Des Moines, Iowa. Principal, headquartered in Des Moines, Iowa, offers a wide range of financial products and services, including retirement and investment services, life and health insurance and banking. A member of the Fortune 500, the Principal Financial Group has $175 billion in assets under management and serves some 14.9 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States.
Randall's current responsibilities include leadership of Principal(s Information Services distributed infrastructure, including client computing, data networking, voice services, messaging (e-mail), technical support, developer/development tool support and e-business infrastructure. He has responsibility for delivery of infrastructure services and 156 technical employees with an annual IS budget of $105 million.
Randall has worked in a variety of roles during his 20-year career at Principal. He began as an Information Center Training Assistant but after two years moved on to a Research Analyst position. Within another three years he was a Senior Research Analyst with responsibility for Principal's IT research and development.
In 1994, he became the Assistant Director of Information Services and designed, installed and managed an 18,000 node data network. In this capacity, he managed a $29 million budget and supervised over 110 technical and service support staff in delivering data communication services to customers worldwide.
From 1997 until 2003 he was Director of Pension Business Systems. Randall worked directly with the Principal management team to define, prioritize, develop enhancements and deliver pension record keeping, workflow and image systems used at Principal. Results accomplished included a complete upgrade of pension offices including new hardware and software with a cost recovery period of less than nine months, a new single premium quote and administration system that boosted single premium sales by 108 percent and membership on a pension marketing team that won, or retained, $596 million in plan assets.
Randall graduated with a Bachelor of Arts in Economics and Finance from Drake University in 1978. One year later, he graduated from WIU with a Master of Arts in Economics. Randall was immediately hired as an instructor in the Department of Economics and taught microeconomics, macroeconomics, and labor economics. He also published articles on municipal compensation, revenue sharing in municipalities and the Illinois municipal price index.
Randall is a private pilot and enjoys hunting and fishing, especially in Alaska. He also enjoys traveling and learning about the history and traditions of the areas he visits.