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Evening Standard

Business

Mark Banham

LV= starts boardroom rebuild after Bain deal failure

LV= Bain LV Alan Cook Bain Capital

LV=
(Picture: PA Archive)

Insurance company LV= has moved to shore up its board in the wake of the failed sale to private equity group Bain Capital and confirmed that one of the architects of the botched attempt, chairman Alan Cook, has stepped down.

The financial services provider has appointed Suzy Neubert, an independent director at Witan Investment Trust, and Natalie Ceeney, former chief executive of the Financial Ombudsman Service (FOS), as non-executive directors.

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