Insurance group set to replace the departing Philip Scott

Philip Scott is stepping down as executive director and chief financial officer of Aviva at the end of the year, after a career spanning 36 years with the group, the company has revealed.

Andrew Moss, Aviva chief executive, said: “I would like to thank Philip for his considerable efforts on behalf of the group over many years. In the course of his career Philip has occupied a number of very senior positions in the group and as CFO that experience has helped Aviva navigate successfully through some very difficult market conditions.

“Aviva has a strong and resilient business model, which has positioned us well in a challenging economic environment. Our capital position has remained strong and has been enhanced for the benefit of customers and shareholders. As we saw, sales held up well in the first quarter as customers sought out strong and secure brands with whom to save and protect their futures."

Moss added: "We are now looking ahead as we continue to transform Aviva. I have a strong executive team in place to which I look forward to adding a new CFO and together we will take the business to the next phase.”

Aviva said that a search is taking place and that it will make an announcement in due course.

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