Aviva chief executive of the UK & Ireland Life business David Barral is to leave the insurer after shareholders backed Aviva’s takeover deal of Friends Life.
Shareholders of the two insurers gave their support for the £5.6bn deal last week, which is set to create the largest insurance and savings business in the UK. It will complete on 13 April.
The insurer says it had been working with Barral to keep him in the business but he has decided to leave instead. He will leave the company at the end of May.
Aviva announced in December that Friends Life chief executive Andy Briggs would become chief executive of the enlarged UK & Ireland Life business, subject to regulatory approval.
Aviva group chief executive Mark Wilson says: “Over the past three years, David has been a member of the group executive and has been a great partner during Aviva’s turnaround.”
Aviva has also set out the new leadership structure for the enlarged group.