ICAEW finance director Liz Rylatt in shock departure

LIZ RYLATT has unexpectedly quit as finance director at ICAEW, Accountancy Age has learned.

Rylatt, who joined ICAEW in 2014 with overall responsibility for the institute’s financial management, has quit as FD with immediate effect.

A ‘difference of opinion’ at board level may have contributed to her sudden departure, one person with knowledge of the situation told Accountancy Age.

The long-serving BBC executive brought “a significant wealth of experience” Michael Izza, ICAEW chief executive said at the time of her appointment.

She qualified with the ICAEW while at KPMG before serving in a number of retail sector roles.

An ICAEW spokesperson told Accountancy Age: “Liz Rylatt has resigned from her role as executive director, finance, operations & members, from 5 February 2016.

“During her two years with ICAEW she was responsible for getting two major projects off the ground and now feels it is an appropriate time to hand them over for completion. We thank Liz for her contribution and wish her well for the future.”