Activist Investors Claim Major Insurance Scalp

Tue, 05/08/2012 - 02:43 EDT - CNBC

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Insurer Aviva hit last week by one of the biggest pay revolts ever suffered by a British company, said on Tuesday its chief executive Andrew Moss had stepped down with immediate effect.

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Insurer Aviva's CEO quits after pay revolt
LONDON (Reuters) - Insurer Aviva , which was hit last week by one of the biggest revolts over executive pay ever suffered by a British company, said on Tuesday its Chief Executive Andrew Moss had resigned from his position with immediate effect.
British insurer Aviva says chief executive resigns
British insurer Aviva said on Tuesday that chief executive Andrew Moss had stepped down with immediate effect, after more than half of its shareholders voted last week against executive pay awards."Aviva plc announces that Andrew Moss, chief executive officer, will be leaving the group and will cease to be chief executive with immediate effect," it said in a statement.Aviva said its incoming chairman John McFarlane would assume executive duties with immediate effect, tasked with helping to find a new chief executive officer (CEO).
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Activist Investors Claim Major Insurance Scalp

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