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Matthews received £2.5m 'golden hello' for joining Aviva
by Alex Steger on Mar 22, 2012 at 08:01
Former Standard Life and Friends Life boss Trevor Matthews received a £2.5 million ‘golden hello’ when he joined insurer Aviva as UK chief executive in November last year.
Aviva’s annual report revealed that Matthews received just over £2 million in shares as well as £470,000 in cash when he joined the life company in 2011.
Matthews (pictured) had been set to take a step back, standing down from his role as chief executive of Friends Life, and had publically announced plans to return to his homeland of Australia.
In June 2011 he was announced as a replacement for Aviva’s UK chief executive Mark Hodges, who joined Towergate, but could not take up the role for six months.
Matthews received £58,154 for his first month’s work at Aviva, alongside a £45,000 bonus.
His annual salary is £720,000.
Aviva chief executive Andrew Moss also received a bonus of £1.1 million and his base salary increased to just over £1 million, after Aviva beat its operating profits target last year.
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