Cargill’s Jamie Miller to wear 2 hats in EY – group CFO, CFO of proposed public entity
PROFESSIONAL services firm Ernst & Young (EY) has named Jamie Miller as its new global chief financial officer (CFO).
While EY is not publicly listed, the company said in its statement on Wednesday (Jan 11) that Miller will also be CFO of its “proposed new public entity” as the company undergoes a split between its audit and consulting businesses.
Miller previously served as Cargill’s CFO, a position she has held since June 2021 before the American food corporation announced on Jan 9 that she would step down with effect from Jan 13 to accept an opportunity outside the company.
During her tenure at Cargill, the company completed a US$4.5 billion acquisition of one of the country’s largest poultry producers. She was also appointed the group’s head of corporate strategy in April 2022.
Before Cargill, she was CFO at General Electric (GE), and prior to that, was president and chief executive officer (CEO) of GE Transportation, a technology supplier for the rail and mining sectors.
EY global chairman and CEO Carmine Di Sibio said: “We are thrilled to have Jamie as part of our team. Her skill set, experience in the public markets and business depth will be a crucial asset for our organisation as we undergo this transition.”
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Highlighting Miller’s experience in both private and public companies, EY’s US chair and managing partner Julie Boland said the former Cargill executive “will bring great insight into the split that EY is working through”.
Boland is also EY’s Americas’ area managing partner, and was recently appointed global chair and chief executive of EY’s proposed AssureCo entity, which is the group’s post-split assurance business.
In a statement, EY said the selection of Miller is another step in the separation process outlined last year.
“EY is moving forward in a thoughtful and deliberate manner, making strong progress on the path to partner votes,” it added.
Over the next few weeks, EY plans to appoint additional leaders in the two proposed post-split businesses that will result if the voting by partners is successful.
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