Legal & General has appointed Scott Wheway as its new chair, taking up from Sir John Kingman, who has served on the board for 9 years.
The monetary providers large says Wheway will be part of its board on 2 January as an unbiased non-executive director and chair designate. He will succeed Kingman at its annual assembly on 21 May.
Wheway is presently chair of Scottish Widows and a non-executive director at Lloyds Banking Group.
The veteran has additionally served as chair at Centrica and AXA UK.
As an govt, his senior posts embrace chief govt of Best Buy Europe and managing director of Boots.
At L&G, he’ll head a FTSE 100-listed agency, valued at £13.4bn, which manages a variety of property, spanning mortgages, pensions, insurance coverage and different investments. The group has £1.2trn property below administration all over the world.
L&G senior unbiased director Henrietta Baldock led the seek for the agency’s new chair.
She says: “As properly as being an ideal match for L&G’s tradition and values, Scott brings a formidable monitor report of business success in each govt and non-executive roles throughout a variety of industries, together with in markets which can be central to our progress technique.”
Wheway provides he’s happy to hitch one of many UK’s “most outstanding and consequential firms,” including he would look “to speed up the supply of the group’s technique and additional improve the worth L&G generates for all of its stakeholders”.
Simões provides the Wheway’s “give attention to clients, operational experience, and expertise main progress companies is well-aligned to our priorities, and I’m additionally trying ahead to drawing on his broad monetary providers perception to drive additional progress and momentum on our technique”.
