TIDM51II

RNS Number : 9212C

LV=

28 February 2022

28 February 2022

LV= appoints two new Non-Executive Directors

Insurance, investment and retirement specialist Liverpool Victoria Financial Services Limited (LV=) has appointed Suzy Neubert and Natalie Ceeney, CBE as independent Non-Executive Directors.

Subject to regulatory approval they will join the Board on 1 March and replace David Barral, Alison Hutchinson and Luke Savage who confirmed their intention to step down earlier this year.

Natalie Ceeney CBE, is an experienced Chief Executive and Non-Executive Director with strong financial services and regulatory experience. She was Chief Executive Officer of the Financial Ombudsman Service between 2010 and 2013 and has held Non-Executive roles on the Boards of FCE Bank plc, Anglian Water Group Ltd, Innovate Finance Ltd and Countrywide plc.

Suzy Neubert has deep financial services experience as both Executive and Non-Executive Director. She is currently Senior Independent Director of Witan Investment Trust, a Non-Executive Director of Jupiter Fund Management plc and of ISIO the pensions & actuarial firm. Her Executive roles have included Managing Director of Equities at Merrill Lynch followed by 14 years as Global head of sales & marketing at J O Hambro Capital Management.

Further to its announcement of Board changes on 7 February, LV= also confirms that Alan Cook has today stepped down as chair with Seamus Creedon becoming interim chair with immediate effect.

Seamus Creedon, LV= interim chair, said : "I would like to place on record my gratitude to my outgoing colleagues for the service they have given LV= during their time on the Board. Our members benefit from a thriving and successful LV=. 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. In Natalie and Suzy we have two highly experienced, independent directors who will bring a wealth of expertise to the Board.

"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."

Natalie Ceeney CBE, added: "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 LV=s future."

Suzy Neubert, said: "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. It's a story of which I will be proud to play a part."

Ends

For further information, please contact:

 
 Jon Sellors (LV=)   07711 701 806   jon.sellors@lv.com 
 David Gwyer (LV=)   07798 796 907   david.gwyer@lv.com

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February 28, 2022 02:00 ET (07:00 GMT)

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