Aviva praises Moss’ performance despite share price woes
Lord Sharman, chairman of Aviva, has praised the performance of chief executive officer Andrew Moss and claimed that it was Mr Moss’ decision to leave the role.
In the last 12 months Aviva's share price has fallen over 30% and since Mr Moss took the reins in July 2007 shareholders have seen the insurer's value tumble by over 60%.
According to Lord Sharman, Mr Moss approached him with his resignation as he felt it was in the best interests of the company to make way for new leadership. Mr Moss has offered to assist in any way he can to ensure a smooth transition.
He will leave the board shortly and the financial terms of his departure and date of leaving
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