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Man behind Irish Aviva job cuts leaves in shake-up

AVIVA yesterday launched a huge restructuring of its senior management team that sees a number of executives leave the firm and a "flattening" of its reporting lines.

Among those set to go are Igal Mayer who was responsible for laying off hundreds of workers here in Ireland.

In a statement yesterday, the insurer said its heads of Europe, North America and investment management will leave the business as Aviva reshapes itself to focus on a "materially fewer" number of markets. European head Mr Mayer, North American boss Richard Hoskins and Alain Dromer, the chief executive of Aviva Investors, will step down.

The current head of Aviva UK, Trevor Matthews, will be promoted to executive director of developed markets, which includes Ireland, the UK, France, Spain, Italy and North America.

Asia head Simon Machell will lead Aviva's "higher-growth markets unit" which covers Asia, Poland, Turkey and Russia.

"The changes I am announcing today will result in a simpler and more efficient organisation which will deliver further operational benefits, accelerate delivery of our strategy and provide opportunities for profitable growth," said group chief executive Andrew Moss.

Aviva, has lagged many of its competitors as it struggles to navigate the European debt crisis. Mr Mayer is the second head of Aviva's European business to leave in the past year and half. Andrea Moneta left the firm in February last year.

Last October Aviva said it would cut nearly a thousand jobs in Ireland after moving its European HQ back to London and would combine its Irish and UK businesses as it tried to "become the most competitive insurance provider in Ireland".

Irish Independent