Business
Board Change
Lloyds Banking Group PLC announced that Scott Wheway will step down from his roles as a Non-Executive Director of LBG and Chair of Scottish Widows Group, effective October 31, 2025. Wheway, also a member of the LBG Board Risk Committee and Nomination and Governance Committee, is departing to become a Non-Executive Director and Chair at Legal & General Group Plc from January 2, 2026. Chris Moulder, the Senior Independent Director of Scottish Widows Group, will assume the interim Chair position, pending regulatory approval, while a search commences for a permanent replacement. Disclaimer*
About this update from Lloyds Banking Group Plc
13 October 2025 LLOYDS BANKING GROUP PLC: BOARD CHANGE Lloyds Banking Group plc ("LBG") announces that Scott Wheway will step down as a Non-Executive Director of LBG and as Chair of Scottish Widows Group with effect from 31 October 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. 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. Sir Robin Budenberg, LBG Chair, 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." END For further information: Investor Relations Douglas Radcliffe Group Investor Relations Director Email: [email protected] Group Corporate Affairs Matt Smith Head of Media Relations Email: [email protected] +44 (0) 20 7356 1571 +44 (0) 7788 352487
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