Eric Daniels, the former CEO of Lloyds, has been dropped from the shortlist of candidates for the upcoming chairmanship of Aviva, after complaints from investors.
A number of big UK shareholders are understood to have told Aviva that Daniels, who was strongly criticised for Lloyds' disastrous takeover of HBOS, would not be acceptable as the new chairman, the Financial Times reports.
It emerged last week Daniels was on a shortlist of candidates to join the board of Aviva as a director with a view to becoming chairman when Lord Sharman, the current chair, steps down in 2013.
Aviva, which has been looking for a new director since last year, is not expected to confirm formally its dropping of Daniels, but the shortlist is thought to have narrowed to three candidates.
Other people in the race are believed to include Lord Myners and Lord Davies, both former Labour government ministers.
The appointment is expected to be confirmed in a couple of weeks.
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