Sir Adrian Montague will become non-executive chairman of Aviva plc on the retirement of John McFarlane in April 2015. Mr. McFarlane will succeed Sir David Walker as chairman of Barclays in April 2015.
Sir Montague joined the board of Aviva in January 2013 and became senior independent director in May 2013. He is currently non-executive chairman of 3i Group plc, non-executive chairman of Anglian Water Group Ltd, non-executive director of Skanska AB of Stockholm and CellMark Investments AB of Gothenburg, chairman of The Point of Care Foundation (charitable trust), and recently was announced as non-executive chairman of Manchester Airports Group.
Sir Montague said, “It will be a privilege to chair Aviva. The company is recovering strongly and delivering against its investment thesis of cash flow plus growth, under the new, strong management team ably led by Mark Wilson. John McFarlane has been an extraordinary chairman, and has made an immense contribution to Aviva's recovery. We are disappointed that he is leaving Aviva, but understand his excellent credentials to chair Barclays, and are very appreciative of all he has done for Aviva.”
Mr. McFarlane said, “I am very pleased with the progress Aviva has made, and although it is naturally with some regret that I step down, I am glad to be leaving the company in safe hands. I have great respect for Adrian, having worked very closely together over the past two years. His considerable experience in financial services, including insurance, as well as in government and regulatory matters are invaluable to us. His appointment has my full support as well as that of the board and the senior executive team, and I wish him well.”
Learn more: http://www.aviva.com/.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].