Aviva CEO steps down

The chief executive officer of Aviva, Andrew Moss, has resigned his post with immediate effect.

The decision comes after Moss recently endured a volatile AGM, where the subject of executive pay was a point of much discussion.

The board has asked chairman designate John McFarlane to become interim executive deputy chairman with immediate effect and executive chairman from 1 July pending the appointment of a new chief executive officer.

Aviva’s chairman, Lord Sharman said that the progress achieved under Moss's leadership should be acknowledged. “Through the global financial crisis he led the consolidation of our international presence and the integration of 40 brands into the very powerful single Aviva brand,” he said.

“He reduced the cost base, improved operational performance and more recently began the implementation of the strategic focus, with the sale of RAC, the deconsolidation of Delta Lloyd and a number of overseas disposals.”