Direct Line CEO and CFO to step down ahead of Aviva deal.
Direct Line's chief executive and chief financial officer are to exit the business at the start of next month as part of the insurer's merger with Aviva.
Aviva
23 June 2025 16:02:27
Source: Sharecast
The reshuffle follows last week's news that all regulatory and antitrust approvals regarding the £3.7bn acquisition have been satisfied or waived, with the transaction expected to take effect on 1 July.
CEO Adam Winslow and CFO Jane Poole will serve the first two months of their notice period on garden leave, but be available to transitional support, Aviva said.
Meanwhile, all other non-executive directors of Direct Line will also resign following the deal.
Jason Storah and Stephen Pond, currently the CEO and CFO of Aviva's UK and Ireland general insurance business, respectively, are to step in as Winslow and Poole's successors. Aviva non-executive director Ian Clark has been named as Direct Line's new chair.
N/A
ISIN:
N/A
Exchange: N/A
Sell:
N/A
Buy:
N/A
Change:
Date:
Prices delayed by at least 15 minutes
Compare our accounts
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
