Liverpool Victoria Friendly Society Ltd., which trades as LV=, announced the resignation of CEO and board member Richard Rowney, who will leave the company Dec. 31.

The process to appoint Rowney's successor is underway and is expected to conclude by year-end. Chairman Alan Cook will assume executive chair responsibilities in the interim, subject to regulatory approval.

LV= provides financial services, including insurance, investment and retirement products.

Rowney was part of the company for 13 years.