Aviva p.c, the U.okay.’s second- largest insurer through
market fee, named Adrian Montague as non- govt chairman, replacing John
McFarlane, who's taking over the equal job at Barclays percent.
Montague, 66, who joined the board of Aviva in 2013, will
take in the submit after McFarlane steps down on the agency’s annual wellknown
assembly in April, according to a declaration today. McFarlane succeeds David
Walker as chairman of the British bank.
“it will be a privilege to chair Aviva,” Montague said
inside the assertion. “McFarlane has been an wonderful chairman and has made an
immense contribution to Aviva’s recuperation. we're disappointed that he is leaving,
however apprehend his brilliant credentials to chair Barclays.”
Montague is likewise non-executive chairman of
private-fairness company 3i organization percent, Manchester Airports
organization % and is due to retire as chairman of Anglian Water group Ltd. in
March. he is taking over from McFarlane, who changed into hired to help
turnaround the insurer beset via Europe’s economic disaster and a shareholder
insurrection that sparked the resignation of former CEO Andrew Moss.
Montague turned into chairman of U.okay. insurer buddies
Provident institution percent among 2005 and 2009 which was bought with the aid
of Clive Cowdery’s resolution Ltd. for 1.nine billion pounds in August of 2009.
The organization today shape’s a part of pal’s lifestyles institution Ltd.
considering that beginning in July 2012, McFarlane has
overseen a strategic evaluate of Aviva, the appointment of Mark Wilson as CEO
and an 86 percentage healing in Aviva’s percentage price. The statement of his
appointment reversed a decline in Barclays’ shares, which rose as plenty as 2
percentage.
Aviva fell zero.1 percent to 530.five pence at eleven:30
a.m. in London.
Montague’s appointment changed into accredited through the
Prudential law Authority and economic conduct Authority, in step with the
announcement.
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