UK insurer Aviva has announced the appointment of George Culmer as Non-Executive Chairman with effect from May 27, 2020, following the Aviva annual general meeting.
He will succeed Adrian Montague, who is set to retire from the Board on May 31.
Culmer is currently Aviva’s Senior Independent Non-Executive Director, having assumed this role in January 2020.
He joined the company as a Non-Executive Director back in September 2019, and also holds a role as a Non-Executive Director of Rolls Royce Holdings.
Previously, Culmer served as Chief Financial Officer (CFO)of Lloyds Banking Group and as CFO of RSA Insurance Group. He has also held senior positions at Zurich Financial Services and Prudential.
“I am honoured to be appointed Aviva’s Chairman,” said Culmer. “I would like to thank Adrian for his service to Aviva over the last seven years and his leadership during a period of considerable change.”
“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 than it is today during these current challenging times,” he added.
“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, our colleagues and our shareholders.”
Montague also commented: “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.”
“Aviva has a strong franchise, a purpose that has never been more relevant and great opportunities for the future. It has been a privilege to serve as Chairman.”
