This post was originally published on this site
https://i-invdn-com.investing.com/news/LYNXNPEB5T05C_M.jpg
Cook will be replaced in April by Seamus Creedon as part of a wider board reshuffle, the company said. LV= is currently in discussions to merge with rival Royal London.
LV= rejected a 530 million pound ($717 million) takeover bid in December from Bain Capital, a deal supported by Cook. A portion of the 1.2 million members who own LV= said they were not being sufficiently compensated for the loss of the insurer’s mutual status.
($1 = 0.7390 pounds)
