The Money and Pensions Service announced that its CEO, Caroline Siarkiewicz, has told the board she will not be seeking a second term.
Siarkiewicz, who was appointed CEO in January 2022 after becoming acting CEO in June 2019, will step down at the end of January 2024 after four years leading the organisation through a period of “significant change”.
As CEO, Caroline led Maps through the early integration of the three separate organisations Money Advice Service, The Pensions Advisory Service, and Pension Wise.
During her term, Maps launched its MoneyHelper consumer brand, published the first ever UK strategy for Financial Wellbeing, expanded the reach of MoneyHelper pensions guidance and Pension Wise services, and helped more people access debt advice.
Siarkiewicz said: “My time as chief executive of the Money and Pensions Service has been truly inspiring and very rewarding.
“I am incredibly proud of my colleagues and the passion and enthusiasm they show every day in the work we have delivered."
Siarkiewicz also said it had been a “huge privilege” to work with colleagues from many organisations across the sector.
The search for Siarkiewicz’s successor will commence “shortly” and will be led by Maps chair, Sara Weller.
“I would like to take this opportunity to thank Carline for the commitment and leadership she has shown as chief executive,” Weller commented, “I look forward to taking forward our work together over the coming months.
“Caroline has been a big part of Maps’ story since the beginning, but Maps is still a young organisation with a huge amount of potential, and we are now moving into the next phase building on all the hard work Caroline and her team have done over the past four years.”
The appointment will be subject to the approval of the secretary of state for work and pensions.
tom.dunstan@ft.com
