L&G names Scott Wheway as new chair designate

Group 1 - Legal & General Group (L&G) has appointed Scott Wheway as the new chair, succeeding John Kingman, who has served for nine years [1] - Wheway will officially take on the role of chair after the Annual General Meeting (AGM) on 21 May 2026, joining the board as chair designate on 2 January 2026 [1] - Wheway will leave his positions at Scottish Widows Group and Lloyds Banking Group on 31 October 2025 [1] Group 2 - Wheway has a diverse background with executive and non-executive roles in financial services and retail, including leadership positions at Centrica, AXA UK, Aviva Insurance, and Santander UK [2] - He expressed eagerness to work with the L&G Board and leadership team to enhance the group's strategy and stakeholder value [2] - The chair succession process was led by senior independent director Henrietta Baldock, who emphasized Wheway's fit with L&G's culture and his commercial success [3] Group 3 - In March 2025, L&G completed buy-ins with three pension schemes linked to Anglo American Services UK, totaling £785 million ($1.04 billion) [3][4]