Headwaters’ CFO Steven Stewart Retires; Donald Newman Joins as CFO

Headwaters, which provides sustainable products, technologies and services to the heavy construction materials, light building products, and energy technology industries, has announced that Steven Stewart is retiring as chief financial officer (CFO). He has worked for Headwaters since May 1998 and has functioned as CFO during most of that time. Stewart will continue as director of finance through June 2013 and will provide time and assistance in order to assure a smooth transition.

Prior to joining Headwaters, Stewart held various management positions with several of the Big Four international accounting firms over a 23-year period, including 13 years as a partner. He was a partner with PricewaterhouseCoopers (PwC) immediately prior to joining Headwaters.

Donald Newman has been hired as CFO. Newman has an undergraduate degree in accounting from the University of Minnesota (Duluth). He has a track record of success in progressively responsible positions with several leading companies. His work history includes positions with Deloitte & Touche, NRG Energy and ACI Worldwide. Most recently, he served as interim CFO and vice president – corporate controller at Boart Longyear.


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