December 6 2013 Latest news:
Tuesday, September 24, 2013
Insurance-giant Aviva has parted company with the chief executive of its Norwich-based general insurance division just 14 months after handing him the job.
Robin Spencer, who was elevated to the role during a management shake-up last year, is to leave at the beginning of next week as the company looks to “strengthen its management team”, chief executive Mark Wilson said yesterday.
His departure makes way for Maurice Tulloch to take up the job overseeing general insurance for UK and Ireland, switching from his current position as chief executive of Aviva Canada.
The move is the latest chapter in a tumultuous saga for the Norwich-based business, which announced plans in April to axe around 2,000 jobs – equivalent to 6pc of its global workforce.
Mr Wilson, group chief executive officer, said: “One of my priorities since becoming CEO has been to strengthen Aviva’s management team and ensure we have the right people in the right jobs. Maurice Tulloch is a first class executive who will bring a wealth of knowledge, expertise and energy to his new role in the UK and Ireland general insurance business.
“Maurice has an impeccable track record - Aviva’s Canadian operating profits have grown by 63pc under his leadership. He is the best leader to take the UK business to the next stage of its development.
“Robin has done a fine job for the group, most recently leading the UK and Ireland general insurance business through the transformation and expense savings programme.”
The company said that Greg Somerville, executive vice president, broker distribution for Aviva Canada, will lead the Canadian business until Mr Tulloch’s successor is found.
Mr Tulloch, whose appointment is subject to regulatory approval, said: “I am delighted to be leading the UK and Ireland general insurance business.
“I believe strongly we have a tremendous opportunity to build on our collective successes of the past and to unlock the full potential of our people and the market opportunity.”
Mr Spencer joined Aviva in 1995 spending time at its Norwich base, and previously worked as chief financial officer of Aviva Canada.
Aviva reported underlying operating profits up 5pc to £1bn for the six months to June 30 and saw new business rise 17pc to £401m.
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