Aviva CFO to step down this month

Published in: UK, People

Companies: Aviva, Blackstone

Aviva’s chief financial officer (CFO) Tom Stoddard is to leave his role on 30 June, the UK insurer has announced.

Stoddard joined Aviva in 2014 from investment firm Blackstone and served under former chief executive, Mark Wilson.

His is the second senior departure since Maurice Tulloch took over as chief executive in March. Last month, Andy Briggs, chief executive of UK Insurance, also stepped down.

The announcement comes a day before Aviva updates investors on its progress, and follows rumours it is considering separating its UK life and general insurance business.

Tulloch said: “Tom is a tremendous leader and has played a major role in delivering Aviva's financial turnaround, significantly strengthening the group's capital position. After five successful years at Aviva, he leaves with my best wishes and those of Aviva's board.”

Stoddard will be put on gardening leave from July to the end of December and support the transition to a new CFO.

Stoddard said: “Whilst I will miss all the friends I have made here, Aviva has a strong finance team, and it is now time for me to clear the way for others to step up, as I consider new opportunities.”

Jason Windsor, currently CFO of Aviva UK Insurance, will become interim CFO. Windsor joined Aviva in 2010 and has held roles including chief capital and investments officer.

Christopher Cundy