Slew of senior appointments after Aviva takeover of Friends Life
A slew of job appointments have been made by Aviva after the proposed takeover of Friends Life won the backing of shareholders.
Back in December a £5.6bn deal to acquire Friends Life was announced and yesterday the shareholders voted in favour.
Around a dozen managerial positions have been agreed, the company revealed this morning, while fears were also expressed by the Unite union about job losses. Aviva said in January that the deal could result in 1,500 staff cuts.
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Changes arising from the takeover mean that Andy Briggs, the current chief executive of Friends Life, will become chief executive of the enlarged Aviva UK & Ireland Life business.
David Barral, the current chief executive of Aviva UK&I Life, will be leaving the group at the end of May.
Aviva said in a statement: "Whilst we have been working with David to identify potential options to retain him within the group, he has decided that now is the right time to move on with the next stage of his career."
Mark Wilson, group chief executive officer, said: "I would like to thank David for his distinguished service to the Group. David has had a successful career with Aviva spanning 16 years. Over the last three years, David has been a member of the group executive and has been a great partner during Aviva's turnaround. We all wish him well as he pursues the next chapter."
John Lister will move from his role as Aviva's group chief risk officer to lead the finance function in the UK&I Life business.
Other senior appointments include:
• Clive Bolton, MD Retirement
• Andy Curran, MD Corporate and Business Solutions
• Rob Barker, MD Strategic Partners and Protection
• Stephen Shone, MD Aviva Plus
• Jonathan Moss, combined capital planning
• Rosie Harris, Chief Risk and Compliance Officer
• Kevin Moss, Chief Operating Officer
• James Ward, Strategy Director
• Ceri Connolly, Acting HR Director
• Kim Clarke, HR Integration Director
• Rob Houghton, UK CIO
Mark Wilson, group chief executive officer, said: "We welcome shareholders' endorsement of the financial and strategic logic of this acquisition. This is the right deal at the right time for Aviva.
"The enlarged UK Life business, to be led by Andy Briggs, will be an industry leader, well positioned to serve customers in the vibrant UK life and pensions sector."
Mr Briggs said: "The Friends Life Board believes that the combination of the two businesses offers attractive growth opportunities for the shareholders of the enlarged group, as the increased scale will help drive better profitability, and improved service as our customers will benefit from access to a broader range of products."