Chicago-based Accretive Health (NASDAQOTH: ACHI ) is getting a new CFO.
On Monday, Accretive announced that it has named Sean F. Orr, a poach from Maxum Petroleum, to become its new chief financial officer. Orr will replace Accretive exec John Staton, who has served as Accretive's CFO since 2005 but is now moving to the position of senior vice president for provider business solutions with the company.
In addition to Maxum, Orr has served in the CFO role at a number of other companies, including Dale and Thomas Popcorn, The Interpublic Group of Companies, and the Frito-Lay division of PepsiCo.
In a filing with the SEC, Accretive informed that it will be paying Orr an annual base salary of $450,000, plus an annual bonus targeting $350,000, a $50,000 transition bonus, and 300,000 stock options vesting over four years.