Sir Adrian Montague will retire as chairman of Aviva this year and as soon as the company hires a replacement.
Sir Adrian was appointed chairman in April 2015, having joined as a non-executive director in January 2013.
He started his career as a solicitor for Linklaters & Paines, where he worked for 23 years.
He then worked for an investment bank for three years before joining the public sector to serve as the chief executive of the Private Finance Initiative Task Force at HM Treasury until 2000.
Sir Adrian was formerly chairman of Anglian Water Group, Friends Provident, British Energy Group, Michael Page International and Cross London Rail Links.
Aviva has now started its process to appoint a successor.
Sir Adrian said: “When I became chairman in 2015 the board asked me to commit to serve for a least five years. Now that Maurice has launched Aviva’s strategy, a new senior management team is in place and the board has been refreshed, it is also time for a new chairman.
“In the meantime I remain committed to this great organisation which I am confident will deliver for all its customers, employees and shareholders.”
In August 2019, Aviva announced John Lawson had stepped down from his role as head of retirement policy after six years.
This was after in March 2019 Aviva's chief executive Mark Wilson was replaced by Maurice Tulloch, who joined the insurer in 1992 and was previously chief executive of its international insurance business.
Mr Wilson had left in October 2018.
At the time an Aviva spokesperson said Mr Wilson was hired to the position of chief executive in 2013 to "deliver the turnaround" of the insurance giant, and having successfully done that a new phase of leadership was needed.
Following Mr Tulloch’s appointment Andy Briggs, former chief executive of Aviva’s UK insurance division, decided to leave the provider.
In June, Aviva announced that it was planning to reshape its business so the general insurance business will be managed separately from the rest of the group.
amy.austin@ft.com
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