Legal & General Group appoints Scott Wheway as new chair, succeeding John Kingman after his nine-year tenure. Wheway will join as chair designate on 2 January 2026 and assume the role after the AGM on 21 May 2026. He leaves roles at Scottish Widows Group and Lloyds Banking Group on 31 October 2025, with a background in financial services and retail sectors. Wheway plans to accelerate L&G’s strategy and enhance stakeholder value, with support from the board and leadership team. The chair succession process was overseen by senior independent director Henrietta Baldock, who praised Wheway’s fit for L&G’s culture and values, emphasizing his track record of commercial success. L&G recently concluded buy-ins with three pension schemes linked to Anglo American Services UK, totaling £785m ($1.04bn), including the Tarmac UK pension scheme, the Tarmac ‘B’ pension scheme, and the Anglo UK pension scheme.

Read more at Yahoo Finance: L&G names Scott Wheway as new chair designate