EY’s CFO Jamie Miller Resigns Following Spin-Off Plan Collapse

In a recent report by the Financial Times, it was revealed that Jamie Miller, the chief financial officer (CFO) of accounting firm EY, resigned in June, just six months after her appointment in January. The resignation came after the collapse of a plan to spin-off EY’s consulting business, which had not been previously reported.

Miller had joined EY with the intention of helping the organization pursue the transaction. However, with the plan off the table, she decided to leave and explore other opportunities. Despite her departure, Miller expressed her admiration for EY, describing it as an exceptional organization with thoughtful leaders.

EY had initially planned to separate its audit and consulting units, aiming to address regulatory concerns over potential conflicts of interest. However, in April, the firm called off the proposed overhaul, putting a halt to the spin-off plan. If the proposal had been approved, Miller would have become the CFO of the spun-off consultancy business.

Prior to her role at EY, Miller had worked at General Electric for around 12 years before joining grains trader Cargill as their CFO in 2021. Alisdair Mann, a London-based vice-chair, has since taken over the CFO role at EY following Miller’s departure.

The Financial Times reached out to EY for comment, but the firm did not respond. Similarly, Miller could not be reached for a comment.

While the reasons behind Miller’s departure remain undisclosed, her resignation marks a significant development in EY’s leadership. The firm will now navigate the future of its financial operations under the guidance of Alisdair Mann.

As EY continues its journey, it remains a prominent player in the accounting industry, known for its thoughtful leadership and exceptional services.