Aviva FD steps into chief executive's shoes
Insurance giant's chief executive quits as he heads for retirement
Aviva’s group finance director,
Andrew
Moss, has been named as the company’s new chief executive.
The announcement comes as 56-year-old Richard Harvey
steps down on his way to retirement, after six years at the helm of the UK’s
largest insurer, the FT reports.
The surprise announcement comes just under a year after the group’s failed
?17bn bid to their smaller rival, Prudential, which Harvey abandoned just a week
after it was made.
The choice of Moss has surprised analysts, who’ve suggested he has ‘come up
on the inside’ as contender for the chief executive role ahead of Aviva’s head
of UK operations, Patrick Snowball.
The decision to appoint Moss was made after a search process that included
internal and external candidates.
Moss, who joined Aviva in 2004 from insurance market Lloyd’s of London, will
be replaced at the financial controls by Philip Scott, an Aviva veteran
currently in charge of its North American and Asian operations.
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big shot: Andrew Moss