People

Fountain Blue

Fountain View gets new CFO; fourth senior manager hired at bankrupt health-care provider. Plus: New finance chiefs at Arcot Systems, Catalina Marke...
Lisa YoonJune 17, 2002

>> Shake-up continues at Fountain View, operator of long-term care facilities in California and Texas… Company appointed John Harrison as its finance chief… Harrison is latest of four executive appointments as health-care provider restructures under Chapter 11… Fountain View filed for Chapter 11 bankruptcy last October to ensure continuation of patient care after company was unable to resolve litigation that resulted in a lien being placed on its bank accounts…

Harrison comes to Fountain View from Evergreen Healthcare Management, where he served most recently as controller and treasurer… Previously, worked for 19 years at Beverly Enterprises Inc., most recently as VP of finance at its Beverly Care Alliance subsidiary…

Other recent appointments at Fountain View include CEO Boyd Hendrickson, who joined in March, and general counsel Roland Rapp, who started in April… In January, Jose Lynch was appointed to the new position of president… Hendrickson optimistic about Fountain View’s progress: “Our numbers are showing significant improvement over last year, and we were ahead of target with our operating results for the first quarter,” says CEO.

How Startup CFO Grew Food Company 50% YoY

How Startup CFO Grew Food Company 50% YoY

This case study of JonnyPops’ success highlights the unusual financial and operational strategies that enabled rapid expansion into a crowded and highly competitive frozen treat market. 

>> Coupon distributor Catalina Marketing Corp. promoted Christopher Wolf to posts of SVP and CFO… Wolf has held various senior financial management positions with the company, most recently serving as VP of finance and treasurer… Before joining Catalina, he spent 10 years with Arthur Andersen… Joseph Port resigned as Catalina’s CFO for personal reasons…

>> Arcot Systems, an electronic-identification systems maker, hired Joseph Consul as CFO… Most recently, Consul was VP of finance and CFO at Tumbleweed Communications, where he led company through an initial public offering and a secondary public offering… At Tumbleweed, Consul also oversaw several key acquisitions and private equity financings… Before Tumbleweed, Consul was VP, operations, for graphics-software company Fractal Design… Prior to that, Consul held senior finance positions at Ray Dream, XA Systems Corp., and Adobe Systems…

>> Galt Associates, provider of drug-safety and marketing software, named Bruce Hayden CFO… Hayden previously worked at health-care service providers, including UroCor Inc., Medshares Inc., and Columbia Homecare Group…

Hayden will play major role in driving Galt’s revenue, which company claims saw compounded annual growth rate of more than 100 percent in past five years… In addition, Galt says it has to double workforce each year…