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The Seven-Month Itch

Her feet barely wet in the job, WellPoint's controller takes off for a plum gig at General Electric.
Stephen TaubMarch 13, 2008

WellPoint Inc. said Jamie Miller has resigned as chief accounting officer and controller of the health insurance giant, effective April 4, in order to take the same positions at an even bigger company: General Electric. GE, however, had not announced the appointment by press time.

Miller had been with WellPoint only since last August. The resignation announcement came just one day after WellPoint’s stock plunged 28 percent in the wake of a cut in the company’s 2008 profit outlook.

WellPoint said Miller’s departure resignation was not related to the profit warning. “This opportunity is a significant promotion for Jamie,” WellPoint spokesman Shannon Troughton said in an e-mail.

In a statement, WellPoint CEO Angela Braly said, “We congratulate Jamie on her new position [at] GE, one of the largest companies in the U.S.”

Before joining WellPoint, Miller served with PricewaterhouseCoopers in a number of roles including, most recently as financial services leader for the firm’s Chicago practice. She was the lead partner for a number of large, national, insurance, and financial services companies. Earlier in her career she was corporate controller and chief accounting officer at Genworth Financial.

Wellpoint said CFO Wayne DeVeydt will assume the chief accounting officer responsibilities.