Baxter International names new CFO

Brian Anderson is out and John Greisch is in as senior vice president and chief financial officer of the troubled Baxter International. Greisch, 49, was previously corporate vice president and president of Baxter's BioScience business. Anderson, 53, was leaving the company, officials said. Analysts on Wall Street speculated that Baxter's new Chairman and Chief Executive Officer Robert Parkinson, Jr., who was appointed in April to succeed Harry Kraemer, was cleaning house to bolster Baxter's sagging image with investors. Greisch joined Baxter in 2002 as vice president of finance for the medical supply company's renal division. Prior to joining Baxter, Greisch was president and CEO of FleetPride Corp. and also spent 11 years at the Interlake Corp., a global manufacturing company. -- by Cinda Becker