Interesting catch. I think this answers it:

"What is the difference between a principal and a president?

Though the president and principal of a company may share similar job duties, these two job titles have a few main differences. A principal is usually the largest—or only—investor or owner of a business. If there are multiple owners or investors, the principal is the person who has the most at stake in the company because they put more money into the organization than anyone else.

Comparatively, the president of a company is not necessarily an owner. Instead, they act as the head of an organization. They often go by the title of chief executive officer (CEO). The president is responsible for directing all of the activities of a business and ensuring that all employees are fulfilling their responsibilities to reach company goals."


https://www.indeed.com/career-advice/career-d...-a-company