L&G Finance Chief Jeff Davies to Step Down; Andrew Kail Named Successor -- Update

Dow Jones

2025/09/30

By Elena Vardon

Legal & General said its finance chief Jeff Davies is stepping down from the role and leaving the company after more than eight years and will be replaced by Andrew Kail.

The British provider of life insurance, pensions, retirement and investment services on Tuesday said that Davies will stand down from the board on Dec. 10 and stay until the end of the month to support a smooth transition.

Since his appointment in 2017, Davies led the group through a phase of transformation, the implementation of IFRS17 and Solvency II regulations and played a key role in several strategic transactions and partnerships, L&G said.

Davies is leaving L&G to become the CFO of Resolution Life, a global life insurer that is being acquired by Nippon Life in a deal expected to close in the second half of 2025, Resolution Life said in a separate statement. Davies will start on March 2, it added.

Kail--currently the chief executive of L&G's institutional retirement business--will take on the CFO post and become an executive director on Dec. 1, subject to regulatory approval, L&G said.

The executive spent three decades at PricewaterhouseCoopers before joining L&G in 2021 as CEO of the retail retirement division.

L&G shares slipped around 1% in early morning trading.

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

September 30, 2025 03:28 ET (07:28 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Davies will start on March 2, it added. \n\n\n  Kail--currently the chief executive of L&G's institutional retirement business--will take on the CFO post and become an executive director on Dec. 1, subject to regulatory approval, L&G said. \n\n\n  The executive spent three decades at PricewaterhouseCoopers before joining L&G in 2021 as CEO of the retail retirement division. \n\n\n  L&G shares slipped around 1% in early morning trading. \n\n\n \n\n\n  Write to Elena Vardon at elena.vardon@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 30, 2025 03:28 ET (07:28 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}