Aviva UK head Trevor Matthews paid £2m conditional share award to leave Friends Provident
Aviva UK Trevor Matthews is in line for a £4.25m remuneration package following his arrival at the insurer on 1 December last year.
Matthews received £470,000 in cash and a conditional share award of £2m in order to buy out the contract with Friends, the Telegraph writes today, citing the annual report released yesterday.
Igal Mayer, head of Aviva’s continental European business, received £449,471 to cover items including the cost of a £5,000-a-month London home and first-class flights between London and Toronto for him and his family. The allowances were in addition to his £2.8m package for 2011. He was appointed to the position in January last year.
Aviva group chief executive Andrew Moss received a 9% rise in compensation, taking it to £2.69m.