There is a new man at the top at LV= - and his name is Richard Rowney.
Rowney has been working as the company’s managing director of life and pensions having joined the firm back in 2007 as its chief operating officer: however, now he is set to move into the role of chief executive. He will succeed Mike Rogers who had already indicated his intention to step down after 10 years in the role.
“It has been a real privilege to work alongside Mike as we have built LV= into the successful and profitable mutual it is today,” said Rowney. “In a changing financial world, our approach remains consistent; earning trust by providing good value backed up with great values.
“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.”
Prior to joining LV=, Rowney spent 14 years at Barclays working in a number of senior positions across both corporate and retail banking; while he also boasts an MBA from Henley Business School.
Rowney will officially move into the role later this summer, with Mark Austen, LV=’s chairman eager to see what his talent can offer in the role.
“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,” commented Austen.
“Richard is an exceptionally talented business leader and the board is confident that he is the right person to build on the heritage of the Society’s 170 year history and the platform that Mike Rogers has created to take LV= to the next level.”
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