The Economic Secretary to the Treasury has announced that Luke Jensen has been appointed as Interim Chair to the Board of National Savings and Investments (NS&I).
This follows previous Chair, Lord Gerard Lemos CMB CBE, stepping down in July 2025 following his appointment to the Whip's Office within the House of Lords. This interim appointment has been made while the process for finding the next Chair is completed.
Luke has sat on the NS&I Board since 1 April 2024 and brings a wealth of experience as an established senior executive and non-executive across a range of retail and consumer-focused environments. Luke is currently a non-executive director for the Co-operative Group and Hana Group SAS.
Luke will serve as Interim Chair for a period of 12 months. HM Treasury will set out the process for recruiting a new permanent Chair to the NS&I Board as soon as possible.
The Economic Secretary to the Treasury, Emma Reynolds MP said:
NS&I plays a key role in delivering cost-effective finance for the Government, and I would like to thank Lord Lemos for his contributions to the Board over the past year.
I am pleased to welcome Luke Jensen as Interim Chair, to continue to deliver cost-effective finance for the Government and progress its Transformation Programme whilst we recruit for Lord Lemos' successor.
