Legal & General Group (L&G) has appointed Scott Wheway as its new chair, succeeding John Kingman, who is concluding his nine-year tenure with the company.
Wheway will join the board as an independent non-executive director and chair designate on 2 January 2026.
He will assume the role of chair after the company’s Annual General Meeting (AGM) on 21 May 2026.
Wheway will depart from his roles at Scottish Widows Group and Lloyds Banking Group, effective 31 October 2025.
His background includes both executive and non-executive positions across financial services and retail sectors.
Wheway’s past leadership roles include chair of Centrica and senior positions at companies such as AXA UK, Aviva Insurance and Santander UK.
Wheway stated: “I look forward to working with the L&G Board, António [Simões] and his wider leadership team, to accelerate the delivery of the group’s strategy and further enhance the value L&G generates for all of its stakeholders.”
Senior independent director Henrietta Baldock carried out the chair succession process.
Baldock commented: “After a rigorous, comprehensive and global search, I am delighted to welcome Scott to the Board. As well as being a great fit for L&G’s culture and values, Scott brings an impressive track record of commercial success in both executive and non-executive roles across a range of industries, including in markets that are central to our growth strategy.
“On behalf of the Board, I would like to thank John for his outstanding leadership and dedicated service to L&G.”
In March 2025, L&G concluded buy-ins with three pension schemes associated with Anglo American Services UK, amounting to £785m ($1.04bn).
They are the Tarmac UK pension scheme, the Tarmac ‘B’ pension scheme and the Anglo UK pension scheme.
“L&G names Scott Wheway as new chair designate ” was originally created and published by Life Insurance International, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Source link
