Aviva looks down under for new chairman
The former chief executive of the Australia and New Zealand Banking Group, John McFarlane is to succeed Lord Sharman as chairman of Aviva according to reports.
The Sunday Telegraph reported that Mr McFarlane has already been approved by the Aviva board, and that the decision ended a 10-month search.
The appointment is subject to approval from the Financial Services Authority (FSA). Although it is understood his name was submitted last week to the regulator, it may be another week or two before the FSA delivers final approval.
It is believed that once approval is received, a formal announcement will be made by Aviva.
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