Finance News

CEO of new single guidance body steps down

Rozi Jones
|
11th June 2019
board directors hire meeting
"John’s family relocation will mean he is unable to make that long-term commitment to MaPS, and so now is the best time for any change."

The CEO of the Money and Pensions Service, the new single guidance body, has stepped down just two months after the service launched.

MaPS announced that John Govett has resigned due to an "impending family relocation".

The body launched in April and brings together the services previously delivered by the Money Advice Service, the Pensions Advisory Service and Pension Wise.

Caroline Siarkiewicz, currently partnerships and commissioning director at MaPS, will act as chief executive until a permanent appointment is in place.

Sir Hector Sants, chair of the Money and Pensions Service, said: "John and I have agreed that the production of the National Strategy should be overseen by those who will have the responsibility for delivering it. John’s family relocation will mean he is unable to make that long-term commitment to MaPS, and so now is the best time for any change.

"John has successfully led the recent restructure of our 350-strong team and now is an appropriate time to announce his own departure.

"I am confident that our MaPS Executive Management Board will build on the momentum we already have as an organisation, delivering the ambitious programme we have set ourselves.

"I would like to thank John for his huge personal effort to help bring together our three legacy organisations into one new one. We have made excellent progress under John and we are well set for the future as a result. I will personally be sorry to see him leave us.

John added: “I’ve been engaged in the MaPS project for around a year now and I’m so proud of the positive position the organisation has reached, enabling me to leave everything in a good position. I have enjoyed immensely working with Sir Hector, and now feels like the right time to hand over the baton to a future CEO who can make the longer-term commitment necessary to deliver the National Strategy that my relocation prevents me from doing."

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