LV= has promoted John Perks, managing director of its retirement solutions business, and Myles Rix, managing director of its protection business, to its group executive team.

The changes will take place on 26 July 2016.

In his current role, Perks (pictured) has responsibility for all aspects of the insurer’s retirement business. He originally joined the mutual society in 2007 as customer solutions director, covering all proposition development for the group’s life and pensions business. Prior to LV= he spent two years at Prudential UK as director of protection having previously held senior roles at AXA and Swiss Life.

Rix joined LV= in 2008 initially as actuarial and strategy director before becoming the finance and commercial director for its Life and Pensions business. He was appointed managing director of protection in August 2014.  He began his career at Skandia Life and prior to joining LV= he worked at Aviva UK for 11 years in roles including financial and commercial director for health.

The changes to LV=’s executive team follow Richard Rowney’s appointment as chief executive, earlier this month. He will succeed Mike Rogers who earlier this year indicated his decision to step down as chief executive after ten years in the role on 25 July 2016.

Rowney said: “I am delighted to promote John and Myles to LV=’s executive team. Both have extensive retirement and protection experience and having worked closely with them I am fully aware of their capability and the value they bring to our business.

“I am confident we have the right senior team in place to continue delivering good value and demonstrating our great values to our customers.”