Aviva CEO Mark Wilson will leave the board in April 2019 after working for more than six years at the top job.
Wilson will be replaced temporarily by Chairman Adrian Montague while a permanent successor is appointed, Britain’s biggest insurance company announced today.
Montague said Wilson left ‘the group in a far stronger state than when he joined’ and the board appreciated his work to create a ‘financially strong’ company.
‘There is much further to go in accelerating our strategic development and enhancing shareholder value. We have agreed with Mark this is the right time for a new leader to ensure Aviva delivers to its full potential. Our priority is to ensure, with our new chief executive, that we have the right strategy, focus, capabilities and leadership,’ he added.
Aiding Montague will be a “Chairman’s Committee” of Andy Briggs, CEO of UK Insurance, Chief Financial Officer Thomas Stoddard and Maurice Tulloch, CEO, International Insurance.