This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Aviva Announces New Chairman

Aviva plc (“Aviva”) announces that John McFarlane will become a non-executive director on 1 September 2011. He will then become deputy chairman on 1 January 2012 and take up the position of chairman from Lord Sharman of Redlynch at the end of June 2012.

John McFarlane is currently a non-executive director of Royal Bank of Scotland Group plc and Westfield Holdings Limited and was for ten years chief executive officer of Australia and New Zealand Banking Group Limited (ANZ), one of Australia’s top five companies, and one of the world’s major banks. Amongst other senior positions, he was also group executive director at Standard Chartered plc, head of Citibank in the UK and Ireland, a non-executive director of the London Stock Exchange and a member of the Auditing Practices Board and The Securities Association (UK securities regulator).

John McFarlane will step down from the board of the Royal Bank of Scotland by 31 March 2012 and will relocate from Australia to the UK for the purpose of carrying out his duties as chairman of Aviva.

Lord Sharman of Redlynch, chairman of Aviva, said:

“John McFarlane’s extensive experience as both an executive and non-executive director in international financial services will be invaluable to Aviva. Under his leadership ANZ became one of Australia’s most respected and best performing companies. I am very pleased that John is joining Aviva – he is an exceptional addition to an already strong board and will continue our focus on delivering shareholder value and serving all of Aviva’s constituents.”

John McFarlane said:

“I am delighted to be joining Aviva in such an important role. Aviva is a great company and an excellent brand and recent results show that the hard work over the last few years is paying off. I’ve been impressed with the people I have met and look forward to working with them. Aviva has a very promising future and I will be pleased to contribute to its ongoing success.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs