LV= has appointed Richard Rowney as its new chief executive.
Rowney is currently managing director of LV=’s life and pensions business. He will take over from outgoing chief executive Mike Rogers .
Rogers indicated his decision to step down as chief executive earlier this year, after 10 years in the role.
Rowney will take up his appointment later this summer, after a short handover period.
Rowney said: ‘I’m fully aware of the board’s ambition for LV= and am excited by the challenges and opportunities that lie ahead. I look forward to working with my team to build a business that delivers the best possible outcomes for our people, customers and members.’
LV= chairman Mark Austen, said: ‘We believe that effective succession planning is done from a position of strength and following a thorough search process that produced a shortlist of excellent internal and external candidates the board is particularly pleased to be able to promote from within to fill the role of chief executive.’
Rowney joined in 2007 as chief operating officer.
Source: New Model Adviser