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Birmingham Post
Birmingham Post
Business
Holly Williams, PA Business Editor & Hannah Baker

LV= boss to step down seven months after failed Bain Capital sale

The boss of mutual life insurer LV=, who led the group’s ill-fated attempt to sell itself to a US private equity firm, is stepping down seven months after the deal failed.

Mark Hartigan said he would stay on as interim chief executive until a successor is appointed.

His departure comes after he faced calls to quit following the botched £530m deal, when LV=’s 1.2 million members voted in December against the proposed sale to Bain Capital.

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