TaxPersonal TaxStocken stays on in FD role

Stocken stays on in FD role

Barclays’ finance director Oliver Stocken has delayed his retirement in an effort to maintain continuity in the face of the management turmoil which has hit the bank’s board.

Chief executive Martin Taylor resigned last week as the bank issued a profits warning.

Stocken, who in June announced he would retire this year, also announced he would be staying on as finance director until the annual general meeting in April 1999.

Stocken, a chartered accountant, joined Barclays in 1979 and acted in a number of management positions, both in London and Australia. He was appointed FD in 1993.

Ex-treasury official Sir Peter Middleton is acting as temporary chief executive until a replacement for Taylor is found.

Taylor was the author of a report on the modernisation of Britain’s tax and benefit system earlier this year. It advocated the merging of the Contributions Agency with the Inland Revenue.

The bank suffered a further blow this week as its executive deputy chairman, Sir Andrew Large, announced he was surrendering his executive post.

Related Articles

Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

Personal Tax Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

3w Alia Shoaib, Reporter
Rent-a-room relief – the survey says…

Personal Tax Rent-a-room relief – the survey says…

2m Helen Thornley, ATT Technical Officer
What should the OTS prioritise in its review of inheritance tax?

Personal Tax What should the OTS prioritise in its review of inheritance tax?

4m Alia Shoaib, Reporter
LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

5m Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

6m Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

7m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

8m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

9m Alia Shoaib, Reporter