By Michele Maatouk
Date: Tuesday 21 Jan 2020
LONDON (ShareCast) - (Sharecast News) - Insurer Aviva said on Tuesday that chairman Adrian Montague will retire this year once a successor has been appointed.
Montague has been in the job since April 2015, having joined as a non-executive director in January 2013.
He said: "When I became chairman in 2015 the board asked me to commit to serve for at least five years. Now that Maurice has launched Aviva's strategy, a new senior management team is in place and the board has been refreshed, it is also time for a new chairman.
"In the meantime I remain committed to this great organisation which I am confident will deliver for all its customers, employees and shareholders."
At 1330 GMT, the shares were flat at 409.10p.