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Personal Finance Society to recruit interim CEO
The Board of the Personal Finance Society has unanimously agreed that it will imminently recruit an interim CEO.
This new executive role will be exclusively focused on supporting members’ interests during the remainder of 2022, ahead of the recruitment of a full-time CEO in 2023.
As part of this role, the interim CEO will provide executive leadership as the Personal Finance Society works to evolve its working practices to better meet members’ interests.
Explaining the decision to commence the recruitment process, one year after the CII’s former CEO dissolved the role of CEO at the Personal Finance Society, Sarah Lord, President, said: “The role of PFS CEO was dissolved by the former CEO of the Chartered Insurance Institute (CII) in June 2021. Over the last year the PFS has worked with the CII to establish the most effective way to manage the organisation. It has become clear that the best way to represent and advocate the PFS members’ interests and preserve and protect its assets and deliver tailored member support is through the appointment of a full-time executive CEO role.”
She continued: “Our members provided feedback supporting the need for a dedicated executive championing their interests within the CII’s Shaping the Future Together consultation last year. The CII executive is supportive too. This is why we are commencing an executive search process immediately and will appoint an Interim CEO in the first instance while we seek a permanent appointment”.
The Board and its members consider that while the general insurance and personal finance sectors have evolved in differing directions, there remains merit in investigating future approaches together that will ultimately serve the needs of both organisations’ members.
For the remainder of this year, the Board anticipates that the interim CEO, the volunteer Board and employees at the CII, who under a service contract are dedicated to providing defined services and supporting Personal Finance Society members, will work constructively together.
Recruitment of the interim CEO will be undertaken using a professional consultancy after a service tender and the chosen skilled individual will be in place before the end of summer 2022.
