LV= names pensions boss as chief exec

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LV= has appointed life and pensions managing director Richard Rowney as its new chief executive.

Rowney succeeds Mike Rogers, who announced he was leaving the mutual in April. Rowney will take up the chief executive role later in the summer, following a short handover period.

He joined LV= in 2007 as chief operating officer, and before that he spent 14 years at Barclays in senior positions across corporate and retail banking.

LV= chairman Mark Austen says: “Mike Rogers has led LV= with great distinction and success, transforming the business culture and its financial performance.  We thank him for all he has achieved for our members, customers and staff over the last decade.

“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.”