RAC chief executive Andy Harrison is unlikely to stay on after the takeover by Aviva, according to reports today.

Harrison is said to have agreed a deal worth at least £5m before departing the motoring service provider.

Following the surge in RAC share prices yesterday, Harrison's share options total around £4.15m. He also owns stock worth £960,000 and is likely to be paid a year's salary of £480,000, reports said.