LONDON--Aviva PLC (AV.LN) said Adrian Montague is to become non-executive chairman after John McFarlane retires at the insurance firm's annual general meeting in April 2015.

Aviva's announcement comes after Barclays PLC (BARC.LN) said Friday that Mr. McFarlane will succeed David Walker, as chairman of Barclays, following its AGM also in April 2015.

Mr. Adrian, who joined the board of Aviva in January 2013, and became senior independent director in May 2013, is also currently nonexecutive chairman of 3i Group PLC (III.LN) and Anglian Water Group Ltd.

Aviva shares at 0850 GMT traded down 4 pence, or 0.8%, at 527 pence, valuing the company at GBP15.53 billion.

-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet

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