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Accretive names new CFO


By Andrew L. Wang, Crain's Chicago Business
Posted: August 26, 2013 - 4:30 pm ET
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Accretive Health today named a longtime executive, whose career stops include KPMG, Readers Digest and PepsiCo, its new chief financial officer.

Sean Orr, 59, replaces John Staton, who had been in the position since 2005 and is becoming the Chicago-based company's senior vice president of business of provider business solutions, according to a filing with the Securities and Exchange Commission.

"Sean's significant experience as a chief financial officer and board director makes him an excellent fit for our team," Steve Schuckenbrock, Accretive's president and CEO, said in a statement.

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Mr. Schuckenbrock is relatively new at his role as well, having taken over the top slot in April from Mary Tolan, a co-founder of the company. Ms. Tolan is now chairman.

Mr. Orr takes over the top financial role at a company that hasn't yet filed an annual earnings report for 2012 or quarterly reports for 2013 as it tries to resolve revenue discrepancies it says will result in a restatement of quarterly financial results from 2010 to 2012.

Accretive, which specializes in revenue cycle management services for hospitals and health systems, this month said it would delay the release of its second-quarter earnings.

Mr. Orr is a board member of Value Vision Media, an Eden Prairie, Minn.-based online retailer. He was CFO of Greenwich, Conn.-based energy logistics company Maxum Petroleum Holdings Inc. for several months in 2012 after heading his own merger and acquisition consulting firm for three years.

He started his career at KMPG, where he worked from 1976 to 1990. He served as vice president and controller at Readers Digest from 1990 to 1994 and senior vice president at PepsiCo and CFO of its Frito Lay division from 1994 to 1999.

"Accretive names new CFO" originally appeared in Crain's Chicago Business.


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