Following the Aviva annual general meeting, George Culmer has been appointed as non-executive chairman, effective 27 May 2020. He will succeed Adrian Montague, who is set to retire from the Board on 31 May 2020.
Culmer is currently Aviva’s senior independent non-executive director, a role he assumed in January 2020. He joined the firm as a non-executive director in September 2019. He is also a non-executive director of Rolls Royce Holdings plc.
He previously served as chief financial officer of Lloyds Banking Group plc and chief financial officer of RSA Insurance Group plc. Culmer has also had senior roles at Zurich Financial Services and Prudential plc.
Culmer said: “I am honoured to be appointed Aviva’s Chairman. I would like to thank Adrian for his service to Aviva over the last seven years and his leadership during a period of considerable change.”
“Aviva’s purpose for more than 320 years has been to support its customers and communities when it really matters and throughout their lives. This has never been more important than it is today during these current challenging times. I will work closely with Maurice and the management team to ensure Aviva continues to be there to support and deliver for all our customers, our colleagues and our shareholders.”
Montague commented: “After five years as Chairman, and with a refreshed board in place, it is the right time for me to step down. George has deep experience of insurance and financial services and is an outstanding choice to succeed me.”
“Aviva has a strong franchise, a purpose that has never been more relevant and great opportunities for the future. It has been a privilege to serve as Chairman.”