Sara Weller, a former joint MD of Sainsbury’s, has been appointed the brand new chair of the Cash and Pensions Service, the government-funded client private finance steerage service.
Ms Weller can be a former managing director of Argos and has been a non-exec director at Virgin Cash since October.
In her new part-time position she’s going to earn £80,000 a yr for a time dedication of 21 hours per week.
She has been serving as a non-executive board member of MAPS since September 2022 and can take up the position of everlasting chair on 29 March for a 5 yr time period, changing Sir Hector Sants, one of many founders of MAPS.
Ms Weller has labored beforehand as a non-executive director of Sainsburys and non-executive director and accountable enterprise committee chair at Lloyds Banking Group, amongst many appointments in enterprise and different sectors.
Financial Secretary to the Treasury Andrew Griffith mentioned: “I’d wish to welcome Sara to her new put up as chair of MAPS, and to thank Sir Hector for his profitable management over a lot of years. Sara’s experience in delivering for the patron will guarantee MaPS is effectively geared within the years forward – taking ahead important work enhancing the monetary functionality of individuals throughout the nation.
Pensions Minister Laura Trott mentioned: “It’s good to see Sara appointed because the everlasting chair of MAPS. Sara will carry a wealth of expertise to this difficult however rewarding position, persevering with the work of her predecessor in supporting folks throughout the nation with important cash steerage.
Ms Weller mentioned: “I’m delighted to have been appointed because the second chair of the MAPS, with nice because of Sir Hector Sants for his stewardship of MAPS in its early years.
“MAPS has a key position to play making neutral cash steerage accessible to all, notably so in the mean time given the present financial challenges, and I stay up for working carefully with our many companions, to assist folks proper throughout the nation really feel extra in a position to handle their cash.
Sir Hector mentioned: “I warmly welcome the appointment of Sara as my successor. In her present position, as a non-executive, she has already made a big contribution to the work of MAPS.”
MAPS supplies free private finance and steerage throughout the UK, in addition to debt recommendation in England. The federal government says MAPs helps the coverage supply of DWP and the Treasury.
The appointment was made following an open competitors regulated by The Workplace for the Commissioner of Public Appointments.