Aviva Names Blackstone’s Tom Stoddard CFO after Regan Departs

Aviva percent named Blackstone organization LP Senior dealing with Director Tom Stoddard chief financial officer after its previous finance head determined to go away the agency.

Stoddard, Blackstone’s head of worldwide economic institutions advisory, turns into Aviva’s CFO on can also 5, the London-primarily based insurer said in a statement nowadays. He has been a corporate adviser to Aviva because the start of 2013, in step with the assertion.

Stoddard’s appointment follows remaining month’s resignation of Pat Regan, who stepped down as finance leader to take a comparable function at Sydney-based QBE coverage organization Ltd. Regan become the various final last senior executives at Aviva whose tenure preceded CEO Mark Wilson’s January 2013 appointment.

Regan, forty eight, will surrender 1.three million Aviva stocks due to him as incentive pay while he leaves, the insurer said in a separate statement nowadays. he will relinquish rights to an extra 254,441 stocks granted through his bonus plan, the agency said. he'll acquire revenue, pension contributions and different benefits until he leaves. Regan plans to live at Aviva until June, Aviva said closing month.