EY CFO Miller quit accounting firm in June after spin-off failed -FT

EY’s Chief Financial Officer, Jamie Miller, made a surprising exit from the accounting firm in June, just six months after her appointment, according to a report by the Financial Times. The unexpected resignation came after a plan to spin-off EY’s consulting business fell through, a development that had not been previously disclosed.

Miller, who had joined EY with the intention of spearheading the transaction, expressed her disappointment in a statement to the Financial Times. However, she also praised EY as an exceptional organization with insightful leaders, expressing pride in her association with the firm. Miller’s departure was a result of her desire to explore other opportunities after the spin-off plan was abandoned.

In April, EY had called off its proposed overhaul, which aimed to separate its audit and consulting units. The decision was made in response to regulatory concerns regarding potential conflicts of interest. As part of the plan, Miller would have assumed the role of CFO for the spun-off consultancy business had it been approved.

Prior to her tenure at EY, Miller had an impressive career, spending around 12 years at General Electric (GE.N) before joining grains trader Cargill as their CFO in 2021. Her experience and expertise made her a valuable addition to EY’s leadership team.

Following Miller’s departure, Alisdair Mann, a vice-chair based in London, has taken on the role of CFO. The transition ensures a seamless continuation of financial leadership within the firm.

EY, known for its commitment to excellence and innovation in the accounting industry, has not yet responded to a request for comment on Miller’s resignation. Similarly, Miller herself could not be reached for further comment.

The circumstances surrounding Miller’s departure may have been unexpected, but EY remains a reputable and forward-thinking organization. With its thoughtful leaders and a track record of success, EY continues to navigate the ever-evolving landscape of the accounting industry.