Following the promotions of Chris Woolard to interim chief of the UK financial watchdog, the organisation has also hired a new interim strategy director.
Sheldon Mills has been appointed as interim executive director of strategy and competition.
Mills is currently the FCA’s director of competition and will replace Christopher Woolard who has replaced Andrew Bailey as the UK regulator's chief. Mills will become a member of the FCA’s Executive Committee also.
Mills joined the FCA in September 2018 from the Competition and Markets Authority, where he served as a senior director for mergers and state aid.
Since joining he has led the FCA’s work to make sure competition works well for consumers and tackle anti-competitive behaviour in the financial services industry.
Mills said: "I am delighted to be stepping up to lead the FCA’s Strategy and Competition division. The FCA’s work makes a real difference to the everyday lives of people across the UK. I’m committed to continuing that crucial work in developing robust policy, promoting competition and encouraging innovation."
Christopher Woolard, the incoming Interim Chief Executive, said: "Sheldon has extensive experience and a proven track record in regulation and competition policy and law."
Mills will take up his role on 16 March 2020.