Outgoing Aviva chief executive Andrew Moss will receive a payout worth almost £1.3m following his decision to quit the provider.
Aviva announced Moss’ decision to resign from the post this morning after almost five years as chief executive.
Aviva chairman designate John McFarlane becomes executive deputy chairman and from July 1 will be made executive chairman until a new chief executive is found.
Moss (pictured) will leave Aviva at the end of May. The provider says he will receive basic salary in lieu of 12 months notice and £300,000 in “full and final settlement” of his outstanding bonus claims. Moss’ current salary is £960,000.