L&G appoints Wheway as chair as Kingman prepares to step down

Overview of the Appointment

Legal & General (L&G) has announced that the current chair of Scottish Widows, Maria Wheway, will take over as chair of L&G after the company's annual general meeting (AGM) in May 2026. This decision is part of a planned transition following Sir John Kingman’s decision to step down.

About the New Chair

Maria Wheway has a strong background in retail financial services and has held various leadership roles. Her experience at Scottish Widows, along with her previous positions, positions her well for this new challenge at L&G. She will step into the role as L&G continues to navigate the evolving financial landscape.

Impact on L&G

The leadership transition is likely to be smooth, given the advanced notice of the changeover. With Wheway taking the reins, L&G is signaling its commitment to strong governance and continuity in leadership. This could reassure investors and stakeholders as the organization looks to set its strategy for the upcoming years.

Looking Ahead

The company has emphasized that this appointment aligns with its long-term vision and strategic objectives. Wheway's leadership style and prior achievements will likely play a significant role in shaping L&G’s future direction, especially in an industry that continues to evolve with technological advancements and changing customer needs.

Overall, while changes in leadership can create uncertainty, L&G appears to be making a thoughtful choice in its next chair, focusing on maintaining a stable and experienced leadership team.

Original Source: https://www.ft.com/content/e29695d3-3ac6-40a8-b660-2f49aa6fb735