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U.K. CEO Exits after Row on Pay

After Aviva's Moss presided over falling stock price, shareholders voted against pay plan.

By Kevin Crowley, Bloomberg | Updated on May 08, 2012

Aviva Plc, the U.K.’s second-biggest insurer, said Andrew Moss quit as chief executive officer after presiding over an almost 60 percent fall in the share price in the last five years and a row about pay. The stock rose.

The firm’s incoming chairman, John McFarlane, will immediately become interim executive deputy chairman, the London-based insurer said today in a statement. Finance Director Pat Regan, Andy Haste, former RSA Insurance Group Plc CEO, and Trevor Matthews, CEO of the insurer’s U.K. business, were named by analysts as possible successors to Moss.

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