LV= has appointed Dennis Holt as chairman, effective from July.
John Woolhouse announced yesterday that he would step down as chairman and as a member of the Board.
Holt joined the Board in September 2006, having retired from the Axa group in June 2006.
He was group chief executive of Axa’s UK and Ireland businesses and a member of the global executive committee of Axa SA, one of the largest life, investment, insurance and asset management businesses in the world.
Dennis Holt says he hopes to steer LV= in its drive to create greater value for its members.
He says: “The Board recognises the huge debt of gratitude owed to John Woolhouse, who has overseen the repositioning of our businesses that now enables us to move forwards with confidence. We wish him well for the future.”