Aviva names Maurice Tulloch as new CEO
Aviva has named Maurice Tulloch as its new chief executive officer with immediate effect, replacing chairman Sir Adrian Montague who had been filling in on a temporary basis.
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Tulloch has been employed by the insurance brand since 1992, progressing to a board-level position in June 2017, most recently as chief executive officer for international insurance.
Montague wrote: "Maurice knows our strengths, knows where we need to improve and has a deep understanding of insurance and customers' needs. He is exceptionally well qualified to re-energise Aviva and deliver long-term growth.”
Tulloch added: "I am honoured to lead Aviva, a business I've been part of for 26 years. There is a clear opportunity to realise Aviva's significant but untapped potential. Aviva is financially strong, we have a well-known brand and excellent businesses. But there is more to do to improve returns for shareholders."
Tulloch will receive a basic annual salary of £975,000 in 2019 and eligible for an annual bonus of up to 200% of salary, both pro-rated for the length of service as chief executive.
Aviva's former global inclusion chief Jan Gooding is to receive The Drum Marketing Awards' lifetime achievement award.