Menu
08/05/2012
Aviva Boss Steps Down Following Shareholders Vote
Aviva chief executive Andrew Moss is to resign his post with immediate effect, the insurance firm has announced.
The move follows an embarrassing defeat of a shareholders vote over executive pay at last week’s annual meeting.
Mr Moss had already turned down an annual salary increase following concerns among shareholders about pay levels at the insurer.
Following the announcement Aviva shares rose 5% in early trading.
Chairman designate John McFarlane will take on the role on an interim basis.
Mr McFarlane said he was excited to take on the role.
"My first priorities are to regain the respect of our shareholders by eliminating the discount in our share price and to find the very best leader to be our future chief executive," he added.
McFarlane will undertake the role while the company looked for a permanent replacement among internal and external candidates.
(H)
The move follows an embarrassing defeat of a shareholders vote over executive pay at last week’s annual meeting.
Mr Moss had already turned down an annual salary increase following concerns among shareholders about pay levels at the insurer.
Following the announcement Aviva shares rose 5% in early trading.
Chairman designate John McFarlane will take on the role on an interim basis.
Mr McFarlane said he was excited to take on the role.
"My first priorities are to regain the respect of our shareholders by eliminating the discount in our share price and to find the very best leader to be our future chief executive," he added.
McFarlane will undertake the role while the company looked for a permanent replacement among internal and external candidates.
(H)
Related UK National News Stories
Click here for the latest headlines.
21 October 2011
Murdochs Face More Questions At AGM
News Corporation is to hold its first annual meeting since the phone-hacking scandal mired the firm in controversy.
Murdochs Face More Questions At AGM
News Corporation is to hold its first annual meeting since the phone-hacking scandal mired the firm in controversy.
15 May 2014
Dixons And Carphone Warehouse To Merge
Dixons Retail, the owner of Currys and PC World, are to merge with mobile phone retailer Carphone Warehouse, in a deal worth £3.8bn. In February, both firms announced they were in talks. The new firm will be known as Dixons Carphone, and the ownership is to be split equally between the two company's existing shareholders.
Dixons And Carphone Warehouse To Merge
Dixons Retail, the owner of Currys and PC World, are to merge with mobile phone retailer Carphone Warehouse, in a deal worth £3.8bn. In February, both firms announced they were in talks. The new firm will be known as Dixons Carphone, and the ownership is to be split equally between the two company's existing shareholders.
30 September 2003
Europe's largest air carrier created after merger
Air France and KLM are expected to conclude an agreement today that would lead to the creation of Europe’s leading airline group. The new group, to be called Air France-KLM, will be eased through via a share exchange offer by Air France for KLM common shares.
Europe's largest air carrier created after merger
Air France and KLM are expected to conclude an agreement today that would lead to the creation of Europe’s leading airline group. The new group, to be called Air France-KLM, will be eased through via a share exchange offer by Air France for KLM common shares.
04 September 2015
Teenager Killed In Stabbing Incident
A teenager has been stabbed to death, following reports of a fight in south-east London. It is understood police were called to a disturbance at a block of flats in the Brockley area on Thursday evening. They found two men, both aged 17, with stab wounds. Both were taken to hospital.
Teenager Killed In Stabbing Incident
A teenager has been stabbed to death, following reports of a fight in south-east London. It is understood police were called to a disturbance at a block of flats in the Brockley area on Thursday evening. They found two men, both aged 17, with stab wounds. Both were taken to hospital.
12 May 2015
Police Appeal For Information Following Three Street Robberies
Northumbria Police are appealing for information following three robberies in the Gateshead area on Sunday and Monday. Police said that an elderly woman was knocked to the ground on Ely Street when a man grabbed her shopping bag at about 10:10 on Monday morning. The woman is being treated in hospital.
Police Appeal For Information Following Three Street Robberies
Northumbria Police are appealing for information following three robberies in the Gateshead area on Sunday and Monday. Police said that an elderly woman was knocked to the ground on Ely Street when a man grabbed her shopping bag at about 10:10 on Monday morning. The woman is being treated in hospital.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
