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Aviva CEO search to take all year

  • The search for a new CEO will take the rest of the year, according to insurer Aviva.

    This comes as the group reported a five percent drop in life insurance sales due to tough conditions in its main European markets.

    CEO Andrew Moss quit last week after the company lost a shareholder vote on executive pay at its annual meeting.

    Moss had previously turned down a salary increase due to concerns about pay levels amongst shareholders.