Aviva  

Aviva appoints ex-Lloyds finance chief as chairman

Aviva appoints ex-Lloyds finance chief as chairman
 George Culmer, Aviva

Aviva has appointed George Culmer as chairman to replace Sir Adrian Montague, who’s retirement was announced earlier this year.

Mr Culmer will take up his new position on the board of the pension provider and insurance giant next week (May 27).

Since January of this year he has held the position of senior independent non-executive director, having joined in September 2019 as a non-executive director.

Prior to joining Aviva, Mr Culmer was chief financial officer at Lloyds Banking Group and RSA Insurance Group.

He has also held senior roles at Zurich and Prudential.

Mr Culmer replaces Sir Adrian Montague who is retiring as chairman after five years, having originally joined the company as non-executive director in January 2013.

The appointment has been approved by both the Financial Conduct Authority and the Prudential Regulation Authority.

Mr Culmer said: “Aviva’s purpose for more than 320 years has been to support its customers and communities when it really matters and throughout their lives.

“This has never been more important that it is today during these current challenging times.

“I will work closely with Maurice and the management team to ensure Aviva continues to be there to support and deliver for all our customers, colleagues and shareholders.”

Sir Adrian said: “After five years as chairman, and with a refreshed board in place, it is the right time for me to step down. George has deep experience of insurance and financial services and is an outstanding choice to succeed me.”

amy.austin@ft.com 

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