LV= has appointed Suzy Neubert and Natalie Ceeney, CBE as independent non-executive directors.
They will join the Board on March 1st, subject to regulatory approval, and will replace David Barral, Alison Hutchinson, and Luke Savage, who announced their desire to step down earlier this year.
Natalie Ceeney CBE served as CEO of the Financial Ombudsman Service, and she has served on the boards of FCE Bank plc, Anglian Water Group Ltd, Innovate Finance Ltd, and Countrywide plc as a non-executive director.
Suzy Neubert has worked in the financial sector as an executive and non-executive director. She now serves as a senior independent director of Witan Investment Trust, a non-executive director of Jupiter Fund Management Ltd, and a non-executive director of ISIO, a pensions and actuarial organisation. Her previous executive positions include managing director of equities at Merrill Lynch and global head of sales and marketing at J O Hambro Capital Management for 14 years.
LV= also confirms that Alan Cook has today stepped down as chair with Seamus Creedon becoming interim chair with immediate effect.
LV= interim chair Seamus Creedon says: “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.”
Neubert says: “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.”
Ceeney says: “LV= is a 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.”