Aviva CFO resigns for same role at same salary at another UK firm

Aviva’s chief financial officer (CFO) has resigned after serving the insurer for around 11 years and an “important period of transformation” to take up the same role at one of the UK’s largest housebuilders from July 2022.

Jason Windsor (pictured) has accepted the CFO position at British housebuilding company Persimmon. He is expected to join Persimmon in the summer following a six-month transition period at Aviva.

In his new role, Windsor will succeed retiring CFO Mike Killoran, and also join the company's board as an executive director.

Persimmon said Windsor’ “remuneration is at a similar level to his existing package at Aviva”. He will receive an annual base salary of £675,000, which is the same as his salary at Aviva, and a pension allowance of 9% of salary in line with the contribution available for Persimmon's salaried employees. For 2022, he will also be able to participate in the company's existing annual bonus plan, and the Performance Share Plan.

Meanwhile, Aviva said search for a new CFO is underway, and a further update will be issued when appropriate.

Amanda Blanc, group chief executive officer of Aviva, praised Windsor saying: "Jason has been a valued colleague at Aviva in a variety of roles since joining the group in 2010, including as Chief Financial Officer over the past two and a half years, an important period of transformation for the Company. I would like to take this opportunity to thank him, on behalf of the Board and colleagues across Aviva, for his commitment and contribution during his time here. He will leave with our best wishes for his future career.”

Windsor commented: “I have had 11 tremendous years at Aviva, but the time is now right for the challenge of a new sector, and I am hugely excited at the opportunity of being part of Persimmon. I wish Amanda and the rest of Aviva all the best for the future. I am very proud of what we have achieved over the last 18 months. The business is performing strongly and has great potential. I strongly believe that the strategy is right, and that it will deliver significant value for Aviva’s customers and shareholders.”

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