Summary
General Electric (GE) announced a significant change in its senior accounting leadership through an 8-K filing dated March 18, 2013. Jan R. Hauser has been appointed as the new Vice President, Controller, and Chief Accounting Officer, effective April 15, 2013. This appointment brings in an executive with extensive experience, having served as a partner at PricewaterhouseCoopers LLP for nearly two decades, where she held leadership roles in accounting services and professional advisory groups. Her background also includes a stint as a Professional Accounting Fellow at the SEC, underscoring her deep understanding of accounting regulations and standards. This leadership transition also involves Jamie S. Miller, who will move from her role as Chief Accounting Officer to become Senior Vice President and Chief Information Officer. The filing indicates that Ms. Hauser's compensation will be aligned with her new responsibilities. Investors should note this change in a critical financial oversight role, recognizing Ms. Hauser's strong credentials in accounting and financial reporting, which are crucial for maintaining investor confidence and accurate financial disclosure.
Key Highlights
- 1Jan R. Hauser appointed Vice President, Controller, and Chief Accounting Officer, effective April 15, 2013.
- 2Jamie S. Miller transitions from Chief Accounting Officer to Senior Vice President and Chief Information Officer, also effective April 15, 2013.
- 3Jan R. Hauser brings extensive experience from her 19+ years as a partner at PricewaterhouseCoopers LLP.
- 4Ms. Hauser has prior experience as a Professional Accounting Fellow at the SEC's Office of the Chief Accountant.
- 5Hauser is a member of the Financial Accounting Standards Advisory Council, influencing accounting standard-setting.
- 6Her compensation package will be commensurate with her new senior executive role.