UK's Aviva says RAC CEO to leave after deal done

Newswire

LONDON, March 23 (Reuters) - Aviva will not renew the contract of RAC's CEO once the handover period following its 1.1 billion pound ($2.09 billion) takeover of the UK motor services group is complete, Britain's largest insurer said on Wednesday. Andrew Harrison will be entitled to his full salary of 500,000 pounds, plus a potential bonus of 50 percent of salary, and will receive a further 250,000 pounds from Aviva for staying on for 6 months after the deal is expected to close in May, the ...

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