AVIVA PLC BOARD CHANGE

RNS Number : 1185U

Aviva PLC

18 June 2009

 



18 June 2009

 AVIVA PLC BOARD CHANGE

Aviva plc ('Aviva') announces that Philip Scott will step down as executive director and chief financial officer of Aviva at the end of the year, after a career spanning 36 years with the group.

Andrew Moss, Aviva CEO, said: 'I would like to thank Philip for his considerable efforts on behalf of the group over many years. In the course of his career Philip has occupied a number of very senior positions in the group and as CFO that experience has helped Aviva navigate successfully through some very difficult market conditions.

'Aviva has a strong and resilient business model, which has positioned us well in a challenging economic environment. Our capital position has remained strong and has been enhanced for the benefit of customers and shareholders.  As we saw, sales held up well in the first quarter as customers sought out strong and secure brands with whom to save and protect their futures.

'We are now looking ahead as we continue to transform Aviva. I have a strong executive team in place to which I look forward to adding a new CFO and together we will take the business to the next phase.'

A search is taking place and Aviva will make an announcement in due course.

- ends -

Enquiries:

Media

Hayley Stimpson, external affairs director                   [phone]

James Murgatroyd/Conor McClafferty, Finsbury         [phone]

Analysts

Charles Barrows, investor relations director               [phone]

Jessie Burrows, head of investor relations                  [phone]

Notes to editors:

• Philip Scott joined Norwich Union in 1973. After qualifying as an actuary in 1979 he held a number of positions including chief investment officer and group finance director. Following the merger creating Aviva in 2000 he became chief executive of the UK Life business and then became executive director Life International in 2003. He became chief financial officer of Aviva in July 2007.
  
  
• Philip Scott has a one year notice period which will ensure the flexibility to allow an orderly handover to his successor.
  
  
• Aviva is the world's fifth largest* insurance group, serving 50 million customers across Europe, North America and Asia Pacific. 
  
  
• Aviva's main business activities are long-term savings, fund management and general insurance, with worldwide total sales of £51.4 billion and funds under management of £381 billion at 31 December 2008.  
  
  
• We are the largest insurance services provider in the UK and one of the leading providers of life and pension products in Europe.  
  
  
• The Aviva media centre at www.aviva.com/media includes images, company and product information and a news release archive.
  
  
• For broadcast-standard video, please visit www.thenewsmarket.com/aviva.  

*based on gross worldwide premiums at 31 December 2007

 

END

 

 

MSCUWVRRKBRNAAR