"The board is particularly pleased to be able to promote from within to fill the role of Chief Executive."
Richard joined the Society in 2007 as Chief Operating Officer. Prior to LV= Richard spent 14 years at Barclays in a number of senior positions across corporate and retail banking, including Integration Director for the Bank and Chief Operating Officer for Premier Banking.
Richard succeeds Mike Rogers who earlier this year indicated his decision to step down as Chief Executive after ten years in the role. He will take up his appointment later this summer, after a short handover period.
Mark Austen, Chairman at LV= said: “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.
“We believe that effective succession planning is done from a position of strength and following a thorough search process that produced a shortlist of excellent internal and external candidates the board is particularly pleased to be able to promote from within to fill the role of Chief Executive.
“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.”
