Mutual insurance, retirement and investment group LV=, the UK’s largest friendly society, has today announced the appointment of Andy Parsons as Group Finance Director, subject to regulatory approval.
Andy Parsons, currently Longstanding Life, Pensions and Investment Director, Lloyds Banking Group, will join LV= on 12 June and replaces Philip Moore who is standing down from the board after the company’s AGM on 20 June.
Richard Rowney LV= Group Chief Executive said; “Some time ago Philip informed the board of his intention to step down during 2017 to pursue non-executive director opportunities. Following a thorough recruitment process I am pleased that we have found a very high calibre candidate in Andy Parsons to take over as Group Finance Director.
“I’d also like to place on record my appreciation for the significant contribution Philip Moore has made to the Group over the last seven years in transforming our finance function and most recently managing the successful transition to the Solvency II regulatory environment. He leaves with our very best wishes for the future.”