LV= has appointed James Dean as the chairman of its audit committee.
In his role, which is a non-executive directorship, Dean will be responsible for working relationships among the audit committee, LV= senior management and the company’s external and internal auditors.
He will work closely with Mike Rogers, group CEO and Philip Moore, group finance director. He will initially join as a member of the Audit Committee and will replace Ian Reynolds as chairman in October, when he will step down from the LV= board having served a term of four years.
Dean has 30 years experience in audit and advisory roles in the financial services sector, most recently at Ernst and Young where he was a senior partner. His portfolio of clients included AXA, Prudential, the Association of British Insurers, Santander, RSA, Aviva and Investec.
Dennis Holt, LV= chairman, said: “We are delighted James is joining LV= as Audit Committee Chairman. We wanted someone with significant recent and relevant financial experience and an insurance background to take on the role.
” I look forward to working closely with James to ensure we have the right financial structure in place to allow LV= to continue to grow and deliver value to its customers and members.”
Dean added: “I am excited about taking up this non-executive position at LV=. I believe my audit experience in the Sector combined with my risk, regulation and accounting expertise will help me add value to the boardroom discussions. I look forward to helping the company continue its recent success.”