Mark Wilson has been appointed as chief executive of Aviva today, replacing Andrew Moss who left in May.
Mr Wilson was previously chief executive and president of insurer AIA Group and has over 25 years experience in the insurance and the asset management industry.
He will be paid a basic salary of £980,000 with the opportunity for a bonus paying up to 150 per cent of his salary.
His appointment follows an international search which has lasted seven months.
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John McFarlane, chairman of Aviva, said: "I am delighted we have secured Mark for Aviva. His leadership credentials are incredibly strong. He has an outstanding track record of leading a major insurer, of transforming its performance and culture, of implementing a growth agenda and of producing significant shareholder value, all of which are essential for Aviva's success going forward."
Mr Wilson said: "It is acknowledged that over recent years the company has not performed to its potential. The chairman John McFarlane and the board have articulated the first stage of the strategy that addresses the immediate issues and I look forward to continue working closely with the board on these priorities.
"My first task will be to listen to Aviva's stakeholders, including customers, shareholders, staff and the regulators and ascertain the key concerns and opportunities that face the business. There is substantial work to do and I am looking forward to taking up this appointment and excited about the future prospects for Aviva."

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