RegulationAccounting StandardsTop ICAEW executive leaves

Top ICAEW executive leaves

Surprise at Dr Raymond Madden's sudden departure

One of the ICAEW’s highest ranking executives has made a sudden departure.

Dr Raymond Madden, executive director for learning and professional
development, leaves this week without warning and his duties have been taken on
by Mark Protherough, director of learning and professional development at the
institute. The institute will begin a recruitment process to replace him in
September.

The news came out of the blue to one council member: ‘I’m very surprised. I
saw him at the council conference ten days ago and everything seemed fine.’

ICAEW chief executive Michael Izza said: ‘Raymond was instrumental in
transforming our education and training directorate into a client-focused
learning and professional development offering.’

Madden said: ‘Having achieved what I set out to achieve, the time was ripe
for me to move on.’

Madden joined the institute in 2005 from ABN AMRO. He sat on the ICAEW’s
management team with three other executives reporting to chief executive Michael
Izza.

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