The Department for Work and Pensions (DWP) has announced the
appointment of Sara Weller CBE as the new permanent Chair of the
Money and Pensions Service (MaPS).
Sara has been serving as a non-executive board member since
September 2022 and will formally take up the role of permanent
Chair on 29 March 2023.
Her prior experience includes serving as Joint Managing Director
of Sainsbury’s, Managing Director of Argos, and non-executive
director and Responsible Business Committee Chair at Lloyds
Banking Group.
Minister for Pensions, said:
It’s brilliant to see Sara appointed as the permanent Chair of
MaPS Sara will bring a wealth of experience to this challenging
but rewarding role, continuing the work of her predecessor in
supporting people across the country with vital money guidance.
Economic Secretary to the Treasury, said:
I’d like to welcome Sara to her new post as Chair of MaPS, and to
thank Sir Hector for his successful leadership over a number of
years.
Sara’s expertise in delivering for the consumer will ensure MaPS
is well geared in the years ahead - taking forward vital work
enhancing the financial capability of people across the country.
Sara Weller CBE, said:
I am delighted to have been appointed as the second Chair of the
MaPS, with great thanks to Sir Hector Sants for his stewardship
of MaPS in its early years.
MaPS has a key role to play making impartial money guidance
accessible to all, particularly so at the moment given the
current economic challenges, and I look forward to working
closely with our many partners, to help people right across the
country feel more able to manage their money.
Outgoing Chair of MaPS, Sir Hector Sants said:
I warmly welcome the appointment of Sara as my successor. In her
current role, as a non-executive, she has already made a
significant contribution to the work of MaPS.
MaPS is an arm’s-length body of the DWP and provides
free and impartial MaPS guidance across the UK, as well as debt
advice in England. In providing these services it supports the
policy delivery of DWP and HM
Treasury.
The appointment was made following an open competition regulated
by The Office for the Commissioner of Public Appointments. Sara
will serve as Chair of MaPS for five years until 28 March 2028.
Further Information
