Sara Weller CBE has been appointed as the permanent Chair of the Money and Pensions Service (MaPS). She has been serving as a non-executive board member since September 2022 and will formally take up the role on March 29, 2023.
Sara brings a wealth of experience to the role, having served 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, Laura Trott, expressed her excitement about Sara’s appointment and said that she will bring a wealth of experience to the role of MaPS Chair and continue the work of her predecessor in supporting people across the country with vital money guidance.
Economic Secretary to the Treasury, Andrew Griffith, also welcomed Sara to her new post and praised Sir Hector Sants, the outgoing Chair of MaPS, for his successful leadership over a number of years. He emphasized that Sara’s expertise in delivering for the consumer will ensure MaPS is well-geared in the years ahead.
Sara expressed her delight at being appointed as the second Chair of MaPS and acknowledged the contributions of Sir Hector Sants. She emphasized that MaPS has a key role to play in making impartial money guidance accessible to all, particularly given the current economic challenges, and looked forward to working closely with partners to help people manage their money better.
Sir Hector Sants, the outgoing Chair of MaPS, welcomed Sara’s appointment and said that she has already made a significant contribution to the work of MaPS in her current role as a non-executive.
MaPS is an arms-length body of the DWP and provides free and impartial money guidance and debt advice across the UK. The appointment was made following an open competition regulated by The Office for the Commissioner of Public Appointments and Sara will serve as Chair of MaPS for five years until March 28, 2028.
Source: Gov[Dot]UK
