Lloyds Banking Group plc (LBG) — parent of Scottish Widows, Bank of Scotland and Halifax — said on Monday that Scott Wheway will step down as a non-executive director of LBG and as chair of Scottish Widows Group with effect from October 31, 2025.

“Scott, who is also a member of the LBG Board Risk Committee and Nomination and Governance Committee, is leaving to take up the position of Chair at Legal & General Group Plc where he will become a Non-Executive Director from 2 January 2026,” said LBG.

“A process will be run for the next Chair of Scottish Widows Group. Chris Moulder, the Senior Independent Director of Scottish Widows Group, will take on the role of interim Chair of Scottish Widows Group subject to regulatory approval.”

LBG chai Robin Budenberg said: “I and the Board would like to thank Scott for the contribution he has made to LBG and for the leadership and commercial acumen he has brought to the Board and in his role as Chair of Scottish Widows Group.

“He leaves with our thanks and best wishes for his new role. I am grateful to Chris for taking on the role of interim Chair of Scottish Widows Group.”