Aviva chairman Adrian Montague to step down

Aviva chairman Adrian Montague is to step down later this year following a boardroom shake-up at the insurer and amid questions about whether it should launch a more radical restructuring. In the past 18 months, Aviva has replaced its top two executives. Aviva has a wide range of life and non-life insurance businesses around the world. Since Sir Adrian became chairman, Aviva's shares have lost a quarter of their value, underperforming rivals Legal & General and Prudential. He is chairs the leadership council of lobby group TheCityUK. He has been on the Aviva board since 2013.

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