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Trevor Matthews to leave Aviva

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Trevor Matthews to leave Aviva

Trevor Matthews is to leave Aviva following a shake-up of the life company’s senior management.

Matthews joined Aviva in December 2011 as chief executive of Aviva UK. In April 2012 he was appointed executive director of developed markets.

He will step down from his current role and the Aviva board the day before its annual general meeting in May.

Matthews joined Aviva from Friends Provident where he had been vice chairman and chief executive.

He was also previously chief executive of Standard Life UK.

Matthews was handed a £2.5 million ‘golden hello’ when he joined Aviva. The payment was just over £2 million in shares as well as £470,000 in cash.

Matthews also received £58,154 for his first month’s work at Aviva alongside a £45,000 bonus. His annual salary in 2012 was £720,000.

Aviva declined to comment on whether Matthews was due a severance package. Previous Aviva chief executive Andrew Moss received a £1.75 million 'golden goodbye'  when he quit in May 2012 after a shareholder spring revolt over his pay.

David McMillan, chief executive of Aviva’s UK general insurance business has been appointed chief executive of Aviva Europe.

Nick Amin will join Aviva as its group transformation director and Jason Windsor will join the group as its chief strategy and development officer.

Mark Wilson, chief executive of Aviva said: ‘These changes are about ensuring we have the right people in the right jobs and that we have the best possible leadership team so Aviva can achieve its undoubted potential.

'I would also like to thank Trevor Matthews for his considerable contribution to Aviva and wish him well for his future.'

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