MoneySavingExpert.com founder Martin Lewis is to step down from his role as editor-in-chief to become executive chairman.
Lewis agreed to stay on at the personal finance website as part of a two-year deal struck when MoneySavingExpert.com was sold to MoneySupermarket Group in September 2012 for £87m.
That deal has now come to an end. From 22 September Lewis will move to a part-time role as executive chairman, overseeing the website’s strategy, development and campaigns.
A new editor-in-chief will be appointed in due course.
Lewis says: “I’m very excited about this next step for both me and MoneySavingExpert.com. This site has become part of people’s daily lives, far bigger than the man who founded it – and one of my original aims of selling it was to secure its long term future, with or without me, to help people to keep saving money.
“Yet I’m still enjoying myself, and continue to have fire in my belly about what the site does, so I’m staying.”