Directorate Change

Legal & general group plc

31 May 2018

Legal & General Group Plc Board announces the planned retirement of Mark Zinkula on 31 August 2019

Legal & General Group Plc ("Legal & General") announces that Mark Zinkula, Chief Executive Officer LGIM, has advised them of his intention to retire from Legal & General in August next year.

Mr Zinkula was appointed to the position of Chief Executive LGIM in March 2011 and was appointed to the Group Board of Legal & General in September 2012. We will commence a process to appoint Mark's successor in due course.

Mark Zinkula, Chief Executive LGIM, commented: 

"Leading LGIM over the past several years, a period of significant transformation and growth, has been a real privilege. It has been a pleasure to work with such committed colleagues at LGIM and I'm proud of what our talented leadership team has accomplished. They have created a truly unique, collaborative and client-focused culture, which has driven the successful expansion of our business. We are well positioned for the future and I believe next year will be the right time to step down. By giving notice now, we will have ample time to plan for my successor." 

Nigel Wilson, Group Chief Executive of Legal & General, commented:

"Mark is and has been a first class CEO of LGIM and a terrific colleague. LGIM is in great shape and now manages just under £1 trillion of AuM. I am very grateful for his excellent stewardship. I look forward to working with him in this next phase, building on this success, and in due course the appointment of his successor. Mark truly espouses Legal & General's culture and values and we will miss him."

ENDS

For further information, please contact:

John Godfrey, Corporate Affairs Director 020 3124 2090

Note:

Legal & General will be holding a Capital Markets Event focused on LGIM on the afternoon of Wednesday 20 June 2018 starting at 2pm BST.

To receive details of the event, please email [email protected].