Philip Scott to leave Aviva as chief exec seeks fresh talent

PHILIP Scott is leaving his role as chief financial officer and executive director of blue-chip insurer Aviva, as the group looks for a fresh approach to its ongoing restructuring.

Scott is stepping down at the end of the year, after 36 years at the firm, as chief executive Andrew Moss continues the group’s overhaul following the integration of the Norwich Union brand and continuing plans to increase efficiency.

A source close to the firm said the group was now looking for a replacement, adding Scott and Moss made the resignation decision together and the parting is “on good terms”.

“Philip is a non-executive director at Diageo and I imagine he will look to expand on that. He may seek other roles as a non-exec,” she added.

Moss said Scott had helped the group “navigate successfully through some very difficult market conditions”.

Scott took over as Aviva’s finance chief in 2007, in a management reshuffle following Moss’s appointment as chief executive.

When the company reported its last full-year results in April and maintained its dividend its shares plummeted by 30 percent, amid fears over its solvency levels.