Mark Wilson is stepping down from his role as chief executive at insurance giant Aviva after the company declared it was “time for new leadership to take the group to the next phase of its development”.
Sir Adrian Montague, currently non-executive chairman, will assume executive responsibilities until a new successor is found.
The insurer said a search for a new candidate would “commence immediately” and is expected to be completed within the next four months.
Mr Wilson, who was brought into Aviva in January 2013 to deliver a company turnaround, will remain with the insurer until April next year and will assist with the transition.
“When I joined Aviva, the company was in poor health. Aviva is…