Acting Aviva PLC CEO Hints at Sale of Business Groups
May 22, 2012 by Maria Wood
By Maria Wood
May 18, 2012 •
The sale of Aviva USA may be closer to reality after the acting head of the unit’s U.K.-based parent company stated that the company will consider the disposition of some of its business lines.
In a statement released Thursday, John McFarlane, executive deputy chairman, outlined a set of priorities for Aviva PLC.
“Firstly, a strategic review of all our businesses to ensure we are focused on the right segments; that we put in place plans to advance the performance and position of our businesses strategically, and exit sensibly those that are not part of our future,” McFarlane said. An update on the process will come in July, he added.
McFarlane further stated that the company is on the hunt for a new CEO, which he expects to take the remainder of the year. Click here to read more…