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Richard Rowney steps down as Chief Executive of LV=

11 December 2019 | Press Release

Savings, investment and protection provider LV= announces that Richard Rowney has today stepped down as Chief Executive and a member of the Board. Richard will leave LV= on 31 December 2019.

The process to appoint a successor is now underway and in the interim, Alan Cook, Chairman LV=, will assume Executive Chair responsibilities. These interim arrangements are subject to regulatory approval.

Alan Cook, Chairman, LV= said: “Richard Rowney has served LV=’s members, customers and staff with great distinction over the last decade and I thank him for all he has achieved.

“As Managing Director Life & Pensions he turned LV= into one of the UK’s leading specialist retirement and protection providers. Most recently as Chief Executive he led the sale of LV=’s General Insurance business and the process to convert from a friendly society to a company limited by guarantee.

“The Board and Richard have agreed that the time is right for him to step down. The process to appoint a new Chief Executive is now underway and we expect to conclude this before the end of the year.”

Richard Rowney said: “After 13 memorable years with LV= and the successful sale of our General Insurance business to Allianz, now felt like the appropriate time to step aside and seek a new opportunity outside of the Society. Our members continue to enjoy the benefits of being part of a strong and successful mutual organisation and I look back with pride at the strong and trusted brand that our people have worked so passionately to create.”

Liverpool Victoria Financial Services Limited, registered in England with registration number 12383237. County Gates, Bournemouth, BH1 2NF, UK