Aviva plc (LON:AV) is today announcing changes to its senior management.
Following the recent appointment of Maurice Tulloch as Aviva’s CEO, the Board of Aviva and Andy Briggs have decided that Andy will step down as CEO UK Insurance and as a Director of Aviva plc from today. Andy will remain with the Group until 23 October 2019 to support an orderly transition.
Andy joined the Board of Aviva in April 2015 to lead Aviva’s enlarged UK Life business following the acquisition of Friends Life where he was Group Chief Executive. Since then Andy has brought together the businesses in the UK, built a strong leadership team and delivered solid financial results. During this time, Andy has also played an important role as Chair of the Association of British Insurers and the Government Business Champion for Older Workers. Details of Andy Briggs’ remuneration can be found at the end of this announcement.
Angela Darlington, currently Aviva’s Group Chief Risk Officer, will become interim CEO of UK Insurance. Angela joined Aviva in 2001 and has extensive experience of the UK business, including as Chief Risk Officer of UK Life and has held a number of senior finance and actuarial roles. This appointment is subject to regulatory approval.
Under Andy’s leadership Aviva has made substantial progress in the UK over the last four years, integrating Friends Life and consolidating its position as the UK’s leading insurer. With Andy moving on, Maurice Tulloch will lead a review of the UK businesses to ensure the appropriate management structure to build on that success for the future.
Maurice Tulloch will bring more business unit leaders on to the Group’s senior leadership team in order to broaden it. Colm Holmes, CEO of Aviva Canada and Global Corporate & Speciality, and Patrick Dixneuf, who becomes CEO of Aviva’s European businesses and remains as CEO of Aviva France, will join Aviva’s Leadership Team. As a result, Aviva will not seek to appoint a new CEO International (the role filled by Maurice Tulloch before he became Group CEO).
Maurice Tulloch, Chief Executive Officer of Aviva, said:
“These appointments are an important first step to bring greater energy, pace and commercial thinking to Aviva.
“Andy Briggs will be missed. Andy is a brilliant leader and a good friend. Aviva has benefited enormously from his extensive industry experience and his integrity and we wish him well for the future. I look forward to working with him during the transitionary period.”
Sir Adrian Montague, Chairman of Aviva, said:
“Andy has made a great contribution to Aviva’s business since he joined the Group following the acquisition of Friends Life in 2015. On behalf of the Board, I would like to pay particular tribute to Andy for his conduct throughout the process to select a new CEO and afterwards, and Andy will leave with our best wishes for his future career.”