PRESS RELEASE : Sara Weller CBE appointed new Chair of the Money and Pensions Service [February 2023]
The press release issued by the Department for Work and Pensions on 13 February 2023.
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, Laura Trott 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, Andrew Griffith 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.
