LV= has confirmed that chair Alan Cook has stepped down pursuant to board changes introduced on February 07, with Seamus Creedon becoming interim chair with immediate effect.
“As interim chair, my first task in refreshing the board was to bring in new directors who will continue to develop LV= as a growing mutual insurer,” said Creedon.
With that in mind, LV= has appointed Natalie Ceeney CBE and Suzy Neubert as independent non-executive directors effective March 01, 2022, subject to regulatory approval. They will be replacing David Barral, Alison Hutchinson, and Luke Savage, who stepped down from its board of directors earlier this year.
Ceeney brings strong regulatory experience to the board, having served as chief executive of the Financial Ombudsman Service between 2010 and 2013. She has since held non-executive roles on the boards of FCE Bank, Anglian Water Group, Innovative Finance Ltd, and Countrywide plc.
Neubert has equally extensive directorship experience. She is currently senior independent director at Witan Investment Trust and non-executive director at Jupiter Fund Management plc and pensions and actuarial firm Isio.
“In Natalie and Suzy we have two highly experienced, independent directors who will bring a wealth of expertise to the board,” Creedon said.
“The process to recruit a permanent chair is also underway and we are seeking an established chair with extensive commercial and technical knowledge of life insurance or wider financial services and experience of diverse business models.”
Ceeney said: “LV= is an historic brand with an impressive history and strong heritage. I look forward to working with board colleagues to grow and develop LV= as a sustainable mutual insurer, putting customers at the heart of [its] future.”
“This is an exciting time for LV= and an opportunity to put the company on a stronger footing for the benefit of our members, employees and our wider communities,” Neubert added. “It’s a story in which I will be proud to play a part.”
