VIVA was today left looking for a new finance director after housebuilder Persimmon hunted down Jason Windsor from the giant insurer.
The city raised eyebrows over Windsor’s departure for a business half the size of an area under pressure from the government from one of the stalwarts of Britain’s financial landscape.
Windsor has been CFO since 2019 and joined the business in 2010. Prior to this he was Aviva’s banking advisor at Morgan Stanley.
The Oxford-educated cricketer from the University of Cambridge replaces Mike Killoran, who has been in Persimmon for 25 years and is retiring.
Sources say the departure is amicable, with Windsor just eager to try something new.
He is regarded as close to Amanda Blank, the chief executive who spearheads the overhaul of a business, which is often thought of as less than the sum of its parts.
It sold eight businesses for £7.5 billion in about a year, which included Polish and French arms.
Windsor was on a fixed salary of £800,000 at Aviva, having received a total of £1.475 million the previous year.
Persimmon President Roger Devlin said: “Jason is a respected and proven FTSE 100 CFO and we are delighted to recruit someone of his caliber and experience as Chief Financial Officer to complement our strong management team.”
Windsor said: “I am delighted to join the group and excited by the opportunities ahead. Persimmons has a leading position in a key sector of the UK economy and I look forward to working with the team as they develop industry-leading financial Continuing his journey to become Britain’s best housebuilder while maintaining returns.
He will join in July. Blank thanked Windsor for his “commitment and contribution during this time here”.
The news of Windsor’s appointment came after Persimmon reported strong 2021 business. Revenue increased 10%, supported by a jump in new home sales.
Some purchases by people isolated from Omicron at the end of 2021 were delayed and inflationary pressures continue, but the company said these issues are minor.
supports persimmons The government’s “aspiration” with its new cladding plans and says it created “only a very small proportion of the buildings affected by this issue”.