Mark Wilson is to step down as chief executive of Aviva (AV.) but will stay until April 2019 to assist with an orderly transition. And until his successor is appointed, non-executive chairman Sir Adrian Montague will take the reins.
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Mr Wilson became chief executive in January 2013 and has done a good job of turning the insurer around, and Aviva remains on target to deliver operating earnings per share growth of more than 5 per cent and a dividend payout ratio of 55-60 per cent of operating earnings by 2020.
