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Investing.com -- Legal & General Group Plc (LON:LGEN) has appointed Scott Wheway as its new Chair, succeeding Sir John Kingman who will step down after nine years of service.
Wheway will join the L&G Board on January 2, 2026, as an independent Non-Executive Director and Chair Designate before taking over as Chair following the company’s Annual General Meeting on May 21, 2026.
Currently serving as Chair of Scottish Widows Group and a Non-Executive Director at Lloyds Banking Group Plc, Wheway brings extensive leadership experience in financial services and retail.
His previous roles include Chair of Centrica plc from 2020 to 2024, Chair of AXA UK plc and Aviva Insurance Limited, and Senior Independent Director of Santander UK plc.
Wheway’s executive career spans over 25 years in the retail sector, where he held positions including CEO of Best Buy Europe, Managing Director of Boots the Chemist plc, and several senior executive roles at Tesco plc, including CEO of its Japan operations.
Henrietta Baldock, Senior Independent Director who led the Chair succession process, said Wheway brings "an impressive track record of commercial success" across industries relevant to L&G’s growth strategy.
Wheway expressed his honor at being appointed Chair designate of "one the UK’s most eminent and consequential companies" and looks forward to working with the Board and leadership team to accelerate the Group’s strategy.
During Kingman’s tenure, L&G expanded its position in international markets through growth in pension risk transfer and asset management. The company was named Britain’s Most Admired Company for two consecutive years in 2024 and 2025.
António Simões, who was appointed Group Chief Executive Officer in 2023, welcomed Wheway’s "focus on customers, operational expertise, and experience leading growth businesses."
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