'Golden hello' executive says goodbye at Aviva
Thursday 07 February 2013
Trevor Matthews, the man whose “golden hello” contributed to a shareholder revolt at Aviva last year, is leaving the insurer, it emerged today.
The company unveiled its first shake-up under new boss Mark Wilson, which will see the former Standard Life and Friends Provident executive head for the exit door in May.
Matthews, head of Aviva’s developed markets business, was handed a bonus of £45,000 for just one month of work in 2011 as part of a £4.25 million welcome package to join Aviva.
The award infuriated shareholders, especially since other directors such as Igal Mayer and Andrea Moneta were also handed extravagant pay packages. These led to 59% of shareholders revolting against the company’s pay at its AGM last May and the inevitable departure of former boss Andrew Moss days later.
Matthews will stay on as a consultant at Aviva “for a number of months”, although it is not known how much he will be paid.
Aviva’s latest reshuffle also sees David McMillan take over as head of its European business and Nick Amin become transformation director.
Wilson said: “These changes are about ensuring we have the right people in the right jobs and that we have the best possible leadership team so Aviva can achieve its undoubted potential.
“I would also like to thank Trevor Matthews for his considerable contribution to Aviva and wish him well for his future.”
- 1 What happens to your body when you give up sugar?
- 2 This is what the photographer has to say about the picture of a weasel riding a woodpecker
- 3 Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
- 4 Have sex with your iPad thanks to the new sex toy no-one asked for
- 5 Average penis size revealed: Scientists attempt to find what is 'normal' to reassure concerned men
Bill Clinton portrait features Monica Lewinsky reference, artist admits
Japanese island overrun with cats after population explodes
Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
Pornhub turns masturbation into energy in bid to save the planet
The 'sex selfie stick' lets you FaceTime the inside of a vagina
New theory could prove how life began and disprove God
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
This is what it's like to be dead, according to a guy who died for a bit
Durham Free School: 'Creationism taught at' free school facing closure
Ukip would cut billions from Scottish budget to fund English tax cuts
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
iJobs Money & Business
£15000 - £18000 per annum: Recruitment Genius: This is a great opportunity for...
£50000 - £60000 per annum + Excellent Salary: Austen Lloyd: An outstanding new...
£20000 - £21000 per annum + uncapped commission: SThree: As a graduate you are...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...