Financial Executives: Keeping Track

a $3.9 billion medical device company spun off from Cardinal Health in 2009, appointed Jim Hinrichs CFO. He replaces Edward Borkowski, who is stepping down. Hinrichs, 43, served as CareFusion's senior vice president of global customer support since January, and before that was its controller. Earlier, he was CFO of the clinical and medical products segment of Cardinal Health, and he also served as controller for a year. Hinrichs joined Cardinal Health in 2004 as vice president of investor relations after 12 years in finance and marketing at Merck.

Questar, a $3 billion natural gas producer in Salt Lake City, named Kevin Hadlock CFO and executive vice president. He succeeds Martin Craven, who is retiring in March. Hadlock, 37, served as CFO at Constellation Energy's Baltimore Gas & Electric Co. since 2008. Prior to that, he worked in investor relations at Constellation Energy. From 1999 to 2004, Hadlock worked in finance and management at General Motors. He began his career in 1996 as a credit analyst at Morgan Stanley, focusing on the transportation and utilities industries.

BioScrip, a $1.3 billion provider of specialty pharmacy and home care products and services in Elmsford, N.Y., appointed David Froesel Jr. CFO, treasurer, and executive vice president. He replaces Stanley Rosenbaum, who is stepping down. Froesel, 58, was CFO of Omnicare from 1996 until his retirement in 2009. Earlier, he spent 18 years at Mallinckrodt Group, including stints as vice president of finance and administration at Mallinckrodt Veterinary, a subsidiary, and worldwide corporate controller of Mallinckrodt Medical, another subsidiary.

Headwaters, a $655 million building products company based in South Jordan, Utah, named Donald Newman CFO. He succeeds Steven Stewart, who will remain with the company as director of finance until June 2013. Newman, 46, had served as interim CFO and corporate controller at Boart Longyear since 2006. From 2004 to 2006, he was chief accounting officer and corporate controller at ACI Worldwide. Earlier, he worked in finance at NRG Energy.

Fair Isaac Corp., the $605 million data analytics company that compiles FICO credit scores, appointed Michael Pung CFO and senior vice president. He replaces Thomas Bradley, who is retiring. Pung, 47, is the Minneapolis-based company's chief accounting officer and head of investor relations; he first joined FICO in 2004 as vice president of finance. Earlier, he worked for 20 years in finance positions at companies including Hubbard Broadcasting, U.S. Satellite Broadcasting and Deluxe Corp., and was an audit manager at Deloitte & Touche.

Addus Homecare, a $259 million home health care services company in Palatine, Ill., named Dennis Meulemans CFO. He replaces Francis Leonard, who resigned in August to pursue other interests. Meulemans, 59, has been a consulting CFO for about two years, working for such companies as Portage Insurance Holdings and the National Restaurant Association. In 2007, he was CFO of the group health division of Coventry Healthcare, and from 2003 until 2006, he was chief operating officer of Paradigm Health Systems. Meulemans spent 10 years as a partner at Ernst & Young, and he is a commissioned officer in the U.S. Air Force.


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