Moss falls on his sword at Aviva

Andrew Moss, the Chief Executive Officer of insurance giant Aviva, has taken the hint from disgruntled shareholders, and has quit the post with immediate effect.

The move, instigated by Moss, follows last week's Aviva annual general meeting which saw a majority of shareholders vote against the remuneration report, an act seen as a protest against Moss's pay rising while the share price moved equally rapidly in the opposite direction.

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Andrew Moss will leave the board shortly and a further announcement will be made to confirm the financial terms of his departure and date of leaving.

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