UK insurer Aviva has appointed Maurice Tulloch as its chief executive officer, taking over from Sir Adrian Montague, who has been acting in an executive capacity.
Aviva's previous CEO Mark Wilson stepped down from the role last year to allow for the group's "next phase of development".
During the transition, non-executive chairman Sir Adrian Montague assumed executive responsibilities and led a chairman's committee of the three executive directors Andy Briggs, Thomas Stoddard and Tulloch himself.
Montague reverts to his role as non-executive chairman with immediate effect. He is currently the group's CEO for international insurance and has responsibility for the life insurance and general insurance operations in France, Canada, Ireland, Italy, Poland, Turkey and India.
He was previously chief executive of Aviva UK and Ireland General Insurance, one of the largest businesses in the Aviva group.
The group reports that Tulloch will receive a basic annual salary of £975,000 pro-rated for his length of service as CEO in 2019.
Montague said: "Maurice will be an outstanding chief executive of Aviva. He knows the business inside out. He has led our businesses in the UK and internationally and built strong teams across life insurance and general insurance.
"Maurice knows our strengths, knows where we need to improve and has a deep understanding of insurance and customers' needs. He is exceptionally well qualified to re-energise Aviva and deliver long-term growth.
"The board has run a thorough and highly competitive process and we have interviewed external candidates alongside highly experienced and respected internal candidates. This process led to a unanimous conclusion and a great result for Aviva."
Tulloch added: "I am honoured to lead Aviva, a business I've been part of for 26 years. There is a clear opportunity to realise Aviva's significant but untapped potential.
"Aviva is financially strong, we have a well-known brand and excellent businesses. But there is more to do to improve returns for shareholders.
"We must focus on the fundamentals of insurance and giving our customers the best possible experience - being there when they need us, protecting what's important to them and helping them save for the future. With the care and professionalism of our dedicated people, I know Aviva will thrive."
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