Shareholder power claimed one of its biggest victims yesterday with the scalp of Andrew Moss, chief executive at £9 billion Aviva, the UK's second biggest insurer and a top 50 company.
Shareholder power claimed one of its biggest victims yesterday with the scalp of Andrew Moss, chief executive at £9 billion Aviva, the UK's second biggest insurer and a top 50 company.
PRESSURE: After years of shareholder disquiet concerning his position, Andrew Moss has left insurer Aviva.
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SIMON BAIN
The departure after five years of Mr Moss, who will pick up at least £1.5 million on exit, follows Aviva's humiliation last week at the hands of shareholders, who gave the group's remuneration report just 41% backing. His temporary replacement is John McFarlane, until recently a director of Royal Bank of Scotland, who was appointed to Aviva's board last September and was due to become non-executive chairman on July 1.
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