6th Jul 2020 08:52
(Alliance News) - Aviva PLC on Monday said it has promoted Independent Non-Executive Director Amanda Blanc as chief executive officer with immediate effect.
Blanc joined Aviva's board in January and currently chairs its Customer, Conduct & Reputation board committee. She was formerly CEO of EMEA & Global Banking Partnerships at Zurich Insurance Group AG.
Maurice Tulloch has stepped down as CEO with immediate effect "for family health reasons" and has left the board, Aviva said. Tulloch joined Aviva in 1992 and its board in 2017 before becoming CEO in March 2019.
Chair George Culmer said: "I would like to thank Maurice for his valuable contribution over many years with Aviva. The board and I were saddened to hear of the personal reasons behind his desire to step down and we wish him and his family the very best for the future.
"We are delighted that Amanda will be our new CEO. The board was unanimous in endorsing her appointment. I know she will bring real dynamism to Aviva and re-establish our credentials as a high-performing, innovative and customer-centric business."
Shares in Aviva were up 5.0% at 287.20 pence each in London on Monday morning.
By Anna Farley; [email protected]
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