Rock’s new FD quits after eleven months

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Ann Godbehere, formerly financial director at Swiss Re, has announced her intention to step down from her role at nationalised Northern Rock. In what must surely be one of the shortest notice periods served by any FTSE level FD, Godbehere will exit the board on 31 January and leave the company for good at the end of the following month.

Godbehere earned a £900,000 salary for her Rock job, and gained notoriety in the British press due to her “commute” from her Swiss residency, thereby ensuring she enjoyed non-domiciled tax status, something she shared with the Rock’s new CEO Ron Sandler. Despite promises by the Treasury on appointing Sandler and Godbehere that both individuals would be paying full UK tax, it is believed both individuals currently retain their non-domi...

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