Highly experienced CFO Charlotte Jones joins Aviva plc as the insurer’s new CFO

Charlotte Jones

(PRESS RELEASE) LONDON, 4-Apr-2022 — /EuropaWire/ — Aviva plc (LON: AV), a British multinational insurance company, has announced the appointment of Charlotte Jones as its Chief Financial Officer (CFO) and Executive Director with effect from 5 September 2022. Charlotte is coming from RSA Insurance plc where she was Chief Financial Officer. She has also held the Interim Chief Executive Officer position at the RSA UK & International business.

Charlotte has enjoyed a highly successful career in financial services including as CFO of Jupiter Fund Management plc, where she was the member of the Board and Executive Committee with responsibility for finance and corporate strategy. Before that she was Head of Group Finance at Credit Suisse Group and Deputy Group CFO at Deutsche Bank Group. She started her career at EY.

Amanda Blanc, Group Chief Executive Officer, said:

“This is a really excellent appointment for Aviva. Charlotte is a highly experienced CFO with an impressive track record across the insurance and asset management industries. She is an exceptional addition to Aviva and will play a central role as we accelerate our performance and grow.”

Charlotte Jones said:

“Aviva is both an amazing brand and a business really focused on delivery, and so the opportunity to join as CFO is fantastic. I look forward to working with Amanda and the team, and making Aviva the undisputed market leader in insurance, wealth and retirement.”

* Charlotte Jones’ appointment is subject to approval by the PRA and FCA.

This announcement is made pursuant to Listing Rule 9.6.11.




Andrew Reid
+44 (0)7800 694 276

Sarah Swailes
+44 (0)7800 694 859


Rupert Taylor Rea
+44 (0)7385 494 440

Tegan Gill
+44 (0)7800 691 138


Charlotte Jones joins Aviva on 5 September 2022. Following Jason Windsor’s departure and until that date, Colin Simpson, currently the CFO of Aviva Canada, will act as Interim Chief Financial Officer. During that period, Colin will join Aviva’s Executive Committee but will not be a member of the Board. Both appointments are subject to regulatory approval.

In accordance with paragraph LR 9.6.13R of the listing rules, Aviva confirms there is no further information to be disclosed in terms of LR 9.6.13R (1) to LR 9.6.13R (6) inclusive in respect of Charlotte Jones.

A photo of Charlotte Jones is available here: Aviva plc | Flickr

Remuneration arrangements

  • Charlotte Jones’ remuneration package is consistent with that of the incumbent, Jason Windsor, and set in accordance with the Directors’ Remuneration Policy approved by shareholders in 2021. Details as follows:
  • Basic annual salary: £675,000.  The next salary review date will be April 2023.
  • Pension: Pension contributions of 14% of salary in line with the maximum employer contribution level available to the majority of UK based employees.
  • Standard Aviva Executive benefits package.
  • There is no buy-out of existing bonus or long-term incentive arrangements from previous employment.
  • Maximum annual bonus: 150% of basic salary. Two thirds of any award deferred into shares which will vest in three equal tranches over three years.  2022 bonus will be prorated for the period employed and subject to performance.
  • Long Term Incentive Plan: On appointment Charlotte Jones will receive a full-year 2022 Long Term Incentive Plan (LTIP) award of 225% of salary. LTIP awards vest after three years, and only if stretching financial, shareholder return and other targets are met. Following vesting there is a further two-year holding period.
  • The full-year award ensures immediate alignment with shareholders and with Aviva’s key goals over the next three years, particularly in the context of there being no buy-out of existing unvested awards.
  • Shareholding requirements: Charlotte Jones will be required to build a shareholding in Aviva to the value of 225% of her basic salary and to retain 50% of the net share releases from her deferred bonus and LTIP awards until this requirement is met.  At the date of this announcement, Charlotte Jones holds no ordinary shares of Aviva.
  • Notice period: 6 months’ notice period by the individual, 12 months by the Company.
  • Further detail will be disclosed in the 2022 Directors’ Remuneration Report.

B Share Scheme and share consolidation

As announced with our full year Results on 2 March, we intend to return £3.75bn of capital to shareholders via a B Share Scheme, together with a simultaneous share consolidation. This is in addition to the £1 billion share buy-back which was completed on 31 March 2022. We expect to publish full details of the Scheme and share consolidation in an explanatory circular on 5 April.



Follow EuropaWire on Google News

Comments are closed.