Directorate Change

RNS Number : 0452Z

Aviva PLC

09 March 2017

 

9 March 2017

Aviva plc Directorate Changes

Aviva plc ("Aviva" or the "Company") announces the following changes to the composition of its Board and Committees:

·      Sir Malcolm Williamson will retire from the Board as Senior Independent Director (SID) and as a member of the Audit, Governance, Nomination and Remuneration Committees following the conclusion of the Company's 2017 Annual General Meeting (AGM), having served on the Aviva Board since April 2015.  

·      Glyn Barker will be appointed SID following the conclusion of the Company's 2017 AGM and become a member of the Governance and Remuneration Committees. Glyn will resign from his position as Audit Committee Chairman following the publication of the Company's interim results but will remain a member of the Audit Committee.

·      Keith Williams, will succeed Glyn Barker as Chairman of the Audit Committee following the publication of the Company's interim results.

·      Bob Stein will retire from the Board and as a member of the Audit, Nomination, Remuneration and Risk Committees following the conclusion of the Company's AGM having served on the Board for three years.

·      All appointments are subject to regulatory notification/approval.

·      The Company's 2017 AGM will take place on the 10^th May 2017 and a full financial calendar is available on the Company's website.

Commenting on the changes, Sir Adrian Montague, Chairman of Aviva, said:

I would like to thank Malcolm and Bob for their significant contribution to the Board and its Committees and, in particular, Malcolm for his support to myself as SID and for his contribution to the integration of the Friends Life business.

Glyn has been a non-executive director of Aviva since February 2012 and has a deep understanding of accountancy and regulatory issues, and a wealth of experience as a business leader.  He has extensive knowledge of the Aviva Group, excellent relationships with other non-executive directors and a good working relationship with Management.  These attributes make him the natural choice as SID.

Keith's extensive financial experience and his detailed knowledge of business planning will ensure he is a first class successor for Glyn as Chairman of the Audit Committee.

The announcement is made pursuant to Listing Rule 9.6.11.

Enquiries:

Media

Nigel Prideaux                                                                        [phone]

Andrew Reid                                                                           [phone]

Analysts

Chris Esson                                                                            [phone]

Notes to editors:

•      Keith William's appointments are subject to approval by the Financial Conduct Authority and Prudential Regulation Authority. Glyn Barker's appointment is subject to notification to these authorities.

·      Aviva provides life insurance, general insurance, health insurance and asset management to 33 million customers, across 16 markets worldwide.

·      In the UK we are the leading insurer serving one in every four households and have strong businesses in selected markets in Europe, Asia and Canada. Our shares are listed on the London Stock Exchange and we are a member of the FTSE100 index.  

·      Aviva's asset management business, Aviva Investors, provides asset management services to both Aviva and external clients, and currently manages over £345 billion in assets.

·      Aviva helps people save for the future and manage the risks of everyday life; we paid out £30.7 billion in benefits and claims in 2015.

·      By serving our customers well, we are building a business which is strong and sustainable, which our people are proud to work for, and which makes a positive contribution to society.

·      The Aviva media centre at http://www.aviva.com/media/ includes company information, images, and a news release archive.

·      For an introduction to what we do and how we do it, please click here http://www.aviva.com/about-us/aviva/

·      For broadcast-standard video, please visit http://www.aviva.com/media/b-roll-library/

·      Follow us on twitter: www.twitter.com/avivaplc/ 

·      Follow us on LinkedIn: www.linkedin.com/company/aviva-plc

·      For the latest corporate films from around our business, subscribe to our YouTube channel: www.youtube.com/user/aviva

·    Aviva's LEI code is YF0Y5B0IB8SM0ZFG9G81

 

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