GE Names Jamie Miller as CFO; Jeff Bornstein to Leave the Company
October 06 2017 - 4:30PM
Business Wire
GE (NYSE: GE) today announced that Jamie Miller, CEO of GE
Transportation, has been named chief financial officer of GE
effective November 1, 2017. Jeffrey S. Bornstein, GE vice chair and
chief financial officer will leave the Company effective December
31, 2017, after 28 years of service.
John Flannery, chairman and CEO of GE, said, “In his more than
28 years at GE, Jeff has been a dedicated and respected member of
GE’s leadership team, as well as a coach and mentor to a generation
of finance talent. He has been a valuable change agent, most
notably in overseeing the highly successful disposition of more
than $190 billion of assets at GE Capital as we completed our pivot
to a more focused industrial company. He has also been an important
partner to me as I’ve transitioned into the CEO role. We are
grateful for his service to the company.”
Jeff Bornstein, CFO of GE, said, “GE has been my home for nearly
three decades, and I am deeply appreciative for the opportunities
I’ve had and proud of our many accomplishments over that period. As
John evaluates the strategy for GE and puts his leadership team in
place, he and I have concluded that this is the right time to bring
in a new CFO with a fresh perspective to guide GE’s ongoing efforts
to reduce costs, drive growth, improve our performance, and enhance
shareholder value. I look forward to working closely with Jamie
through the end of the year to ensure a smooth transition.”
John Flannery, chairman and CEO of GE, said, “Jamie’s deep
experience in finance, digital technology and business operations
make her the right person for this role as GE continues to
transform into a digital industrial company. We’ve relied on her
leadership to manage the business through a tough cycle, and she
has consistently delivered for our customers, shareholders and
employees.”
Jamie joined GE in 2008 as vice president, controller and chief
accounting officer after 18 years of experience outside the company
at Anthem, Inc and as a Partner at PricewaterhouseCoopers, LLP. Her
roles included managing investor relations, controllership,
financial planning and analysis, tax and financial systems.
Following her role as controller, Jamie went on to become GE’s
chief information officer where she led the company’s global
information technology strategy, services and operations, and
delivered transformational technology such as Brilliant Factory.
After two and a half years in that role, Jamie became the president
and CEO of GE Transportation where she combined her financial and
digital experience to manage the business through a tough
cycle.
In separate releases today, GE also announced that two
additional Vice Chairs, Beth Comstock and John Rice, will be
retiring from the company effective December 31, 2017.
About GE
GE (NYSE:GE) is the world’s Digital Industrial Company,
transforming industry with software-defined machines and solutions
that are connected, responsive and predictive. GE is organized
around a global exchange of knowledge, the "GE Store," through
which each business shares and accesses the same technology,
markets, structure and intellect. Each invention further fuels
innovation and application across our industrial sectors. With
people, services, technology and scale, GE delivers better outcomes
for customers by speaking the language of industry. www.ge.com
GE’s Investor Relations website at www.ge.com/investor and our
corporate blog at www.gereports.com and @GE_Reports on Twitter, as
well as GE’s Facebook page and Twitter accounts, contain a
significant amount of information about GE, including financial and
other information for investors. GE encourages investors to visit
these websites from time to time, as information is updated and new
information is posted.
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GE Investors:Matt Cribbins,
617-443-3400matthewg.cribbins@ge.comorGE Media:Jennifer
Erickson, 646-682-5620jennifer.erickson@ge.com
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