LONDON (AP)—The chief executive of Aviva, Britain's largest insurer, has resigned following a shareholder revolt over executive pay, the company said Tuesday.
The company gave no explanation for the decision by Andrew Moss, who had been CEO since 2007, to step down a week after shareholders voted against the company's decisions on executive pay and bonuses.
At Aviva's annual general meeting a week ago, 823 million votes were recorded against the pay plan, or remuneration report, compared to 670 million in favor. Another 152 million votes abstained.
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