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“There is much further to go in accelerating our strategic development and enhancing shareholder value. We have agreed with Mark this is the right time for a new leader to ensure Aviva delivers to its full potential,” said Chairman Adrian Montague, who will replace Wilson while a successor is found. A lack of agreement with Aviva’s board on the best way for the insurer to turn its share price performance around contributed to the decision to part ways with Wilson, a source familiar with the situation told Reuters.

Wilson was not available for comment, Formed through the merger of Norwich Union and CGU in 2000, Aviva can trace its heritage back to the Hand in Hand insurance company which was established in 1696, thirty years after the Great Fire of London, Aviva, whose shares were tivoli cufflinks up 1.7 percent on Tuesday, said it aimed to find a replacement for Wilson, who will remain at the group until April to help with the transition, within the next four months after assessing internal and external candidates, “My perception was that Wilson was well regarded, but then I suppose the shares have not done much during his tenure,” one shareholder who is among the biggest 40 holders of Aviva shares, told Reuters following news of his departure..

Montague will be assisted by a “Chairman’s Committee” of Andy Briggs, CEO of UK Insurance, Chief Financial Officer Thomas Stoddard and Maurice Tulloch, CEO, International Insurance. Although some were surprised by the decision to part ways with Wilson, some analysts said the timing made sense. “The story going forward is about addressing scepticism on earnings delivery and franchise quality and a new CEO may be better positioned for this,” Citi analysts James Shuck and Andrew Baker wrote in a note to clients.

Aviva said it was on track for operating earnings per share growth of more than 5 percent in 2018 and a dividend payout ratio of 55-60 percent of operating earnings per share by 2020, In its most recent earnings in August, Aviva posted a 2 percent fall in first-half tivoli cufflinks operating profit, hit by disposal costs, weaker profits in Canada, one of its core markets, and a rise in weather-related claims, Barclays analyst Alan Devlin said Wilson had “lost investors’ confidence” with the 5.6 billion pound ($7.33 billion) Friend’s Life deal and the time taken to restructure..

“Arguably it is only complete now – 2018 the first year of much lower restructuring costs – 2018 restructuring costs 50 million pounds versus average of 250 million pounds over the past five years,” Devlin said in a note to clients. In addition to increasing Aviva’s assets under management to more than 300 billion pounds, Wilson also reduced its markets to 14 from 28, increased its operating profit and ramped up the insurer’s technology investment. ($1 = 0.7642 pounds).

(This version of the October 8 story corrects CEO’s name to Roehrhoff from Rohrhoff in headline and text), (Reuters) - Perrigo Co Plc (PRGO.N) on Monday tivoli cufflinks replaced its chief executive officer of 10 months, Uwe Roehrhoff, with consumer goods industry veteran Murray Kessler, as the generic drugmaker sharpens its focus on consumer healthcare business, Kessler has spent nearly three decades in consumer packaged goods business and has worked with Campbell Soup Co (CPB.N) and Clorox (CLX.N), He was most recently the chief executive officer and president at the Lorillard Tobacco Co [LO.UL]..

Lorillard’s market value surged to about $28 billion from about $9 billion during Kessler’s tenure as CEO between 2010 and 2015, Perrigo said. Lorillard was acquired by Reynolds American Inc RAI.N in 2015. Earlier this year, Perrigo said it would separate its generics prescription business, which has been a drag on results, to focus on consumer healthcare following a strategic review. “Given the decision to separate the Rx pharmaceuticals business and pursue a consumer-focused strategy, the board is looking forward to partnering with him to develop Perrigo’s strategic plan,” board Chairman Rolf Classon said in a statement.

BRUSSELS (Reuters) - Europe’s antitrust chief Margrethe Vestager on Tuesday said she wants to hear critics of Siemens (SIEGn.DE) and Alstom’s (ALSO.PA) plan to create a Franco-German rail champion which is being investigated by the European Commission, The Commission in July opened a probe, saying the deal which could create a global leader with three times the market share of its closest rival, could reduce competition and lead to higher fares for travelers, “People are coming to us with concerns saying that this would be a very big company in Europe, The analysis is still ongoing, We hope anyone with concerns will come forward to us, It is not too late, Please come forward if there are any concerns,” Vestager told tivoli cufflinks a European Parliament hearing..



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