9th Oct 2018 07:51
LONDON (Alliance News) - FTSE 100-listed insurance company Aviva PLC said on Tuesday that Chief Executive Officer Mark Wilson has stepped down from his role with immediate effect.
He will remain with the group until April 2019 and will assist with facilitating an orderly transition.
Wilson has been chief executive at Aviva since January 2013.
"Mark was brought in to deliver the turnaround of Aviva. The board and Mark believe that given the turnaround has been successfully completed, it is time for new leadership to take the group to the next phase of its development," the company said in a statement.
The search for a permanent successor has started, and during the transition period Non-Executive Chairman Adrian Montague will take up executive responsibilities until a successor is found.
"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. I am confident we will deliver long term growth for the benefit of our customers, our people and our shareholders," said Chairman Montague.
In addition, Aviva said it remains on track to achieve its target of operating earnings per share rising by at least 5% in 2018, from 54.8 pence in 2017.
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