Hunt for new Aviva chief to take rest of the year
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.