Development charity Christian Aid has appointed Loretta Minghella, chief executive of the Financial Services Compensation Scheme, as its new director.
Minghella, the sister of film director Anthony Minghella, who died in 2008, will take over from Daleep Mukarji in April.
Mukarji will stand down after 12 years in the post, when he will be 64.
Mukarji's salary was £106,000 in 2008/09, but Minghella's package at the FSCS, which provides compensation in the event of banking failures, was worth £280,000.
Christian Aid declined to say what her salary would be in the new post.
Minghella was not available to speak to Third Sector, but said in a statement she felt "hugely privileged" to take on the role.
"My experience will, I believe, be useful to Christian Aid in developing the organisation internally and continuing to improve service delivery, while managing the opportunities and challenges of working with partner organisations," she said.
The development charity is in the process of a cost-cutting exercise that will result in at least 70 redundancies in a bid to save £6m over the next two years, it emerged last month.