Hunt for new Aviva chief to take rest of the year

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Former Aviva chief executive Andrew Moss left earlier this month after 59 per cent of shareholders failed to back the company’s pay report in one of the City’s biggest-ever shareholder protests.

Around 10 per cent of votes went against or withheld their votes on the re-election of Mr Moss.

Mr Moss was also awarded a £1.2m bonus, equal to 120 per cent of salary, while Trevor Matthews, Aviva UK chief executive, was awarded a £45,000 bonus despite joining the board on December 2. Aviva’s share price has declined by 60 per cent since Mr Moss took over in 2007.