REG - Legal & General Grp - Scott Wheway appointed Legal & General Chair

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RNS Number : 0751D  Legal & General Group Plc  13 October 2025

Scott Wheway appointed Legal & General Group Plc Chair

 

Legal & General Group Plc ('L&G' or the 'Company') today announces
that it has appointed Scott Wheway to succeed Sir John Kingman as Chair of the
Company. It is intended that Scott will join L&G's Board on 2 January 2026
as an independent Non-Executive Director and Chair Designate and will take
over as Chair with effect from the conclusion of the Company's Annual General
Meeting on 21 May 2026. At that point, Sir John Kingman will step down as
Chair and as a Director of the Board, after nine years of service.

 

Scott is currently Chair of Scottish Widows Group and a Non-Executive Director
at Lloyds Banking Group Plc(1).  He brings a wealth of executive and
non-executive leadership experience in financial services and retail
businesses, including a strong understanding of operating within highly
regulated, customer-facing industries. He served as Chair of Centrica plc
between 2020 and 2024, having been a non-executive director since 2016. Prior
to this, he was Chair of AXA UK plc and Aviva Insurance Limited, Senior
Independent Director of Santander UK plc, and a Non-Executive Director of
Aviva plc.

 

Before his non-executive career, Scott was an executive in the retail sector
for over 25 years, both in the UK and internationally, where he held positions
including CEO of Best Buy Europe, Managing Director of Boots the Chemist plc,
and a number of senior executive positions at Tesco plc, including CEO, Japan.

 

Sir John Kingman has had a highly successful tenure at L&G with key
achievements including steering the Company through the Covid-19 pandemic, the
expansion of the Company's position in international markets, led by growth in
pension risk transfer and asset management, and the appointment of António
Simões as Group Chief Executive in 2023. During John's tenure, L&G won
Britain's Most Admired Company in two consecutive years in 2024 and 2025,
ranking top among FTSE listed companies in the UK.

 

Henrietta Baldock, Senior Independent Director, who led the Chair succession
process on behalf of the Board said: "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. His wise counsel and
stewardship of the Company over the last nine years have been invaluable and I
look forward to continuing to benefit from his leadership over the coming
months."

 

Scott Wheway, L&G Chair designate, said: "It is an honour to be appointed
as Chair designate of L&G, one the UK's most eminent and consequential
companies. I look forward to working with the L&G Board, António 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."

 

António Simões, Group Chief Executive Officer said: "I am delighted to
welcome Scott to the Board. His focus on customers, operational expertise, and
experience leading growth businesses is well-aligned to our priorities, and I
am also looking forward to drawing on his broad financial services insight to
drive further progress and momentum on our strategy. I'd also like to thank
John for the support he has given me over the last two years - I have no doubt
he will continue to bring as much energy as ever to the role before standing
down in May."

 

Sir John Kingman, Chair of L&G, said: "Scott is an outstanding choice to
be the future Chair of L&G. I look forward to working with him as a member
of the Board from January and assisting in his transition to Chair over the
months that follow."

 

There are no other matters that require disclosure under 6.4.8R of the UK
Listing Rules.

 

Notes to editors

(1) Scott Wheway will stand down from his positions at Scottish Widows Group
and Lloyds Banking Group plc with effect from 31 October 2025.

 

About L&G

Established in 1836, L&G is one of the UK's leading financial services
groups and a major global investor, with £1.1 trillion in total assets under
management (as at HY25) of which c. 43% (c. £0.5 trillion) is international.
As at 10 October 2025, L&G has a market capitalisation of £13.4 billion.

 

We have a highly synergistic business model, which continues to drive strong
returns. We are a leading player in Institutional Retirement, in Retail
Savings and Protection, and in Asset Management through both public and
private markets. Across the Group, we are committed to responsible investing
and dedicated to serving the long-term savings and investment needs of
customers and society.

 

Enquiries

Investors

Michelle Moore, Group Strategy & Investor Relations Director

investor.relations@group.landg.com (mailto:investor.relations@group.landg.com)

+44 203 124 3773

 

Gregory Franck, Investor Relations Director

investor.relations@group.landg.com (mailto:investor.relations@group.landg.com)

+44 203 124 4415

Media

Sneha Patel, Director of External Communications

Sneha.Patel@group.landg.com (mailto:Sneha.Patel@group.landg.com)

+44 75536 04804

Lauren Kemp, Group Head of Corporate Media & Issues

Lauren.Kemp@lgim.com (mailto:Lauren.Kemp@lgim.com)

+44 794 651 4627

 

Lucy Legh, Headland Consultancy

Landg@headlandconsultancy.com (mailto:Landg@headlandconsultancy.com)

+44 20 3805 4822

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