Scott Wheway Named Successor to John Kingman as Legal & General Chair

Legal & General Group Plc (LSE:LGEN) has announced that Scott Wheway will succeed Sir John Kingman as Chair, marking the end of Kingman’s nine-year tenure with the company.

Wheway is set to join the Board on January 2, 2026, as an independent Non-Executive Director and Chair Designate. He will formally assume the role of Chair after the company’s Annual General Meeting on May 21, 2026.

Currently, Wheway chairs Scottish Widows Group and serves as a Non-Executive Director at Lloyds Banking Group Plc. He has held several senior leadership positions, including Chair of Centrica plc from 2020 to 2024, Chair of AXA UK plc and Aviva Insurance Limited, as well as Senior Independent Director at Santander UK plc.

His 25-year executive career in retail includes roles such as CEO of Best Buy Europe, Managing Director of Boots the Chemist plc, and several senior leadership positions at Tesco plc, including CEO of its Japan business.

Henrietta Baldock, Senior Independent Director who oversaw the succession process, highlighted that Wheway brings “an impressive track record of commercial success” across industries central to L&G’s growth plans.

Wheway shared his enthusiasm for the appointment, saying he is honored to become Chair Designate of “one of the UK’s most eminent and consequential companies,” and expressed eagerness to work with the Board and leadership team to drive the Group’s strategy forward.

Under Kingman’s leadership, L&G strengthened its international footprint through growth in pension risk transfer and asset management, earning the title of Britain’s Most Admired Company in both 2024 and 2025.

António Simões, Group Chief Executive Officer since 2023, welcomed the appointment, praising Wheway’s “focus on customers, operational expertise, and experience leading growth businesses.”

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.