Aviva announces that Sir Adrian Montague is set to retire from his position as chairman in 2020 once a successor has been appointed.
Montague spent five years in the role after being appointed chair of Aviva in April 2015. Before then he originally joined as no executive director in January 2013.
The Board of Aviva reported that it has now initiated a process for the appointment of a new chairman, following Montague’s decision.
Sir Adrian Montague, chairman, 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’m confident will deliver for all its customers, employees and shareholders.”
George Culmer, senior independent director said: “On behalf of the Board, I would like to express our deep thanks to Adrian for his service, leadership and guidance over the past seven years. Adrian has chaired Aviva through a period of considerable change and departs with our very best wishes for the strong legacy he leaves.”