Sir Theodore Agnew has been confirmed as a new education minister, replacing Lord Nash.
The chairman of the Inspiration Trust, which sponsors schools in Norfolk and Suffolk, will be given a life peerage, and will take on the role unpaid, as did his predecessor.
The Inspiration Trust said he will step down from his position as its chairman. However, he will remain a trustee.
The DfE said Sir Theodore will be stepping away from all relevant business interests while a minister, and is agreeing arrangements with the permanent secretary and Cabinet Office "to ensure that processes are put in place to prevent any conflict of interest between his ministerial role and his charitable interests".
Mary Bousted, joint general secretary of the NEU teaching union, said: “He has a big job to do. He has to get a grip of standards in multi-academy trusts, sort out the admissions process so schools don’t select their own intake, and stop the misuse of public money through related party transactions, and be on the ball much quicker than his predecessor when it goes belly up, like at Wakefield City Academies Trust.
“If he can do all those things, that’s great, but I don’t think he can because the Department for Education does not have the systems or information to do that.”