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Insurance giant Aviva unveils new chief executive

14:48 20 November 2012

The Aviva building in Norwich

The Aviva building in Norwich

Insurance giant Aviva today ended its search for a new chief executive unveiling Mark Wilson as its new boss.

The firm, which has been without a chief executive following the departure of Andrew Moss in May following a backlash from shareholders over the pay and perks of senior managers in the wake of poor share performance, said Mr Wilson, who was chief executive and president of insurance group AIA, will join the board from December 1 and become chief executive a month later on New Year’s Day.

John McFarlane, Chairman of Aviva, who has been acting in an executive capacity pending the appointment of a CEO, will become non-executive Chairman on 1st January 2013.

Mr McFarlane, said: “I am delighted we have secured Mark for Aviva. His leadership credentials are incredibly strong. He has an outstanding track record of leading a major insurer, of transforming its performance and culture, of implementing a growth agenda and of producing significant shareholder value, all of which are essential for Aviva’s success going forward.”

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3 comments

  • I just love that cliché "going forward". These people talk like characters from "The thick of it". And obviously believe we`re all thick enough to believe their self-serving platitudes.

    Report this comment

    Mad Brewer

    Thursday, November 22, 2012

  • I just love that cliché "going forward". These people talk like characters from "The thick of it". And obviously believe we`re all thick enough to believe their self-serving platitudes.

    Report this comment

    Mad Brewer

    Thursday, November 22, 2012

  • Hmmmm, the Guardian reports a package worth up to 5.4 million for next year. Is it me? Lets hope there's a significant shift in the share price then!

    Report this comment

    Jaguar

    Tuesday, November 20, 2012

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