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Posted 02 June, 2021

Hillenbrand, Inc. appointed new CEO

CEO Change detected for ticker NYSE:HI in a 8-K filed on 02 June, 2021.


  On June 2, 2021, Hillenbrand, Inc. (the "Company") announced the decision of Joe A. Raver to retire from the Company as its President and Chief Executive Officer and a member of the Board of Directors (the "Board"), effective December 31, 2021.  

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Overview of Hillenbrand, Inc.
Industrial Goods • Industrial Machinery
Hillenbrand, Inc. is a global industrial company, which engages in providing engineered processing equipment and solutions. It operates through the Advanced Process Solutions and Molding Technology Solutions segments. The Advanced Process Solutions segment provides compounding, extrusion, and material handling, screening, and separating equipment, systems, and services for manufacturing and other industrial processes. The Molding Technology Solutions segment includes engineered and customized equipment, systems, and services in plastic technology and processing. It also operates through the following geographical segments: United States, China, India, Germany, and All Other Countries. The company was founded on November 1, 2007 and is headquartered in Batesville, IN.
Market Cap
$1.92B
View Company Details
Hillenbrand, Inc. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On June 2, 2021, Hillenbrand, Inc. (the "Company") announced the decision of Joe A. Raver to retire from the Company as its President and Chief Executive Officer and a member of the Board of Directors (the "Board"), effective December 31, 2021. Concurrently, the Company announced that Kimberly K. Ryan, Hillenbrand Senior Vice President and President of its Coperion business, has been selected to succeed Mr. Raver as President and Chief Executive Officer, effective January 1, 2022, at which time she will also join the Board. In the interim, Ms. Ryan has been named Executive Vice President, effective immediately. Mr. Raver and Ms. Ryan will work closely together to ensure a smooth leadership transition.


Ms. Ryan, age 54, has been with the Company since 1989. During her tenure, she has served in a variety of senior leadership roles, including President of Batesville Casket Company, and most recently as President of Coperion since 2015. As Executive Vice President, Ryan moves out of her role as President of Coperion. Ulrich Bartel, President of Coperion's Polymer Division, has been named Coperion President and joins the Hillenbrand Executive Management Team, effective immediately.


The Company expects to enter into a new employment agreement and change in control agreement with Ms. Ryan, and at such time will file an amendment to this Form 8-K summarizing the terms of these agreements.


There are no family relationships between Ms. Ryan and any director or executive officer of the Company that are required to be disclosed pursuant to Item 401(d) of Regulation S-K, and there are no transactions between the Company and Ms. Ryan that would require disclosure under Item 404(a) of Regulation S-K. Mr. Raver's resignation was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies, or practices.


The press release attached as Exhibit 99.1 to this Report contains more detail regarding the retirement and appointments set forth above.