Wed, 21/11/2012 - 12:11
Mark Wilson is to join the board of Aviva on 1 December 2012 and become chief executive officer on 1 January 2013.
John McFarlane, chairman of Aviva, who has been acting in an executive capacity pending the appointment of a CEO, will become non-executive chairman on 1 January 2013.
Wilson (pictured) was chief executive officer and president of AIA Group, one of the world’s leading insurance companies, between 2006 and 2010.
Wilson has over 25 years’ experience in the insurance industry across life and general insurance as well as asset management in both mature and emerging markets. Since leaving AIA, Wilson has been involved in private equity with Blackstone and other private equity firms.
McFarlane says: “I am delighted we have secured Mark for Aviva. His leadership credentials are incredibly strong. He has an outstanding track record of leading a major insurer, of transforming its performance and culture, of implementing a growth agenda and of producing significant shareholder value, all of which are essential for Aviva’s success going forward.”
Wilson says: “It is a privilege to lead Aviva, an organisation with such a rich legacy and pedigree and many talented and dedicated people. It is acknowledged that over recent years the company has not performed to its potential. The chairman, John McFarlane, and the board have articulated the first stage of the strategy that addresses the immediate issues and I look forward to continue working closely with the board on these priorities. The company will initially be judged on the execution of that strategy and I intend to pursue the execution with rigour and focus.”
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