Who is replacing Philip D. Ameen as Chief Accounting Officer?

Jamie S. Miller will be appointed as the new Vice President-Comptroller and Chief Accounting Officer, effective April 2008. Walter F. Ielusic will serve as Acting Chief Accounting Officer in the interim.

What is Jamie S. Miller's background and experience?

Ms. Miller has 18 years of experience, most recently serving as Senior Vice President, Chief Accounting Officer, and Controller of WellPoint, Inc. Prior to that, she was a partner at PricewaterhouseCoopers LLP and held leadership roles, including Vice President, Corporate Controller and Chief Accounting Officer at Genworth Financial, Inc. (formerly GE Financial Assurance).

When will the transition in the Chief Accounting Officer role take effect?

Philip D. Ameen retires as Chief Accounting Officer on March 15, 2008. Walter F. Ielusic will act as Chief Accounting Officer from March 15, 2008, until Jamie S. Miller assumes the role in April 2008.

What is GE's outlook on this appointment?

GE Vice Chairman and Chief Financial Officer Keith Sherin expressed enthusiasm for Ms. Miller's appointment, citing her extensive experience and leadership qualities. He stated she shares GE's commitment to excellence in controllership and is a proven leader and technical expert in accounting.

GE 8-K: Leadership Changes

Summary

General Electric Company (GE) announced a significant change in its accounting leadership via an 8-K filing dated March 11, 2008. The company intends to appoint Jamie S. Miller as Vice President-Comptroller and Chief Accounting Officer, effective April 2008. This appointment follows the retirement of the current Chief Accounting Officer, Philip D. Ameen. Ms. Miller brings extensive experience from her previous roles at WellPoint, Inc. and as a partner at PricewaterhouseCoopers LLP, including leadership positions in accounting and controllership departments at large public companies. This transition in a key financial executive role is noteworthy for investors as it signals a continuation or potential shift in accounting policies and financial reporting oversight. GE's confidence in Ms. Miller, as expressed by GE Vice Chairman Keith Sherin, emphasizes her proven leadership and technical expertise. The company also announced that Walter F. Ielusic will serve as Acting Chief Accounting Officer during the interim period, ensuring continuity in financial operations.

Key Highlights

1Jamie S. Miller to be appointed Vice President-Comptroller and Chief Accounting Officer, effective April 2008.
2Philip D. Ameen, the current Chief Accounting Officer, is retiring effective March 15, 2008.
3Ms. Miller has 18 years of accounting experience, including senior roles at WellPoint, Inc. and PricewaterhouseCoopers LLP.
4GE Vice Chairman Keith Sherin highlighted Ms. Miller's proven leadership and technical accounting expertise.
5Walter F. Ielusic will serve as Acting Chief Accounting Officer from March 15, 2008, until Ms. Miller's appointment.
6Ms. Miller's compensation package will be commensurate with her role and responsibilities.

GENERAL ELECTRIC CO 8-K Report, Executive Changes (Mar 12, 2008)

Summary

Key Highlights

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