Orion Health hires another American exec — this time as CFO
A statement says incumbent CFO Graeme Wilson is leaving to “spend more time with his family."
Hot Topic
Hawke’s Bay
Under-pressure Orion Health has hired a new chief financial officer: San Francisco-based Mark Tisdel.
Spokeswoman Sarah Putt says Mr Tisdel is relocating to Auckland, where the healthcare software maker’s headquarters is located.
The American has held a variety of finance, HR, legal and IT roles over the past 25 years, including several management roles at HR software giant Peoplesoft (bought by Oracle in 2004).
Most recently he has worked for revenue management solutions company Model N, which has about 1200 staff – roughly the same as Orion, a recent cull notwithstanding.
A statement says incumbent CFO Graeme Wilson is leaving to “spend more time with his family."
Mr Tisdel was travelling and unavailable for comment.
Orion shares cratered on April 3 after the company warned of contract delays, a revenue shortfall and a cash crunch. Chief executive Ian McCrae says it is still on course to return to profitability, in part via cutting up to 10% of staff and chopping back its R&D spend.
Last month, Orion hired US “sales star” Teri Thomas as its new VP of sales, marketing and strategy. Until 12 months ago, Ms Thomas worked for Epic Systems, a Wisconsin-based competitor which claims to have 190 million patient records in its system.
There was some chatter that Ms Thomas would be better based in the US, which accounts for most of Orion’s sales, and where the Trump administration has introduced an element of uncertainty across the healthcare sector with its on-again-off-again reform efforts and its buy-American push.
However, Mr McCrae told NBR that Ms Thomas has already decided to move to New Zealand; Orion just gave her a home. The role is international and the American will make frequent trips to the US and Europe, he says.
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Orion Health hires another American exec — this time as CFO
66876