Hillenbrand Names Kristina A. Cerniglia as Chief Financial Officer
BATESVILLE, Ind., June 23, 2014
BATESVILLE, Ind., June 23, 2014 /PRNewswire/ --Hillenbrand, Inc. (NYSE: HI)
today announced that Kristina A. Cerniglia will be joining the company as its
Senior Vice President and Chief Financial Officer (CFO). She will report
directly to Joe Raver, President and Chief Executive Officer. Raver had
launched a global search to fill the position following the planned
resignation of the company's previous CFO. Cerniglia will start with the
Company in early August.
Kristina A. Cerniglia named as Chief Financial Officer at Hillenbrand
"Kristina's deep industrial experience and insight will be a tremendous asset
to our company as we work to grow both organically and through acquisitions,"
said Raver. "As we continue to transform Hillenbrand into a global diversified
industrial company, it is vital that we attract leaders with relevant
experience and a proven track record of success in the industrial equipment
As the CFO, Cerniglia will lead the company's finance organization, overseeing
financial planning and analysis, reporting, tax, treasury, investor relations
and internal audit. Cerniglia will also play a critical role in shaping
Hillenbrand's strategy as well as leading the company's engagement with
investors and analysts.
Cerniglia has more than 25 years of financial experience, most recently
serving as Vice President, Corporate Controller at Stanley Black & Decker, an
$11 billion diversified global provider of power and hand tools, mechanical
access solutions, and electronic monitoring systems. She brings specific
expertise in global financial management, financial reporting, and acquisition
integration. Prior to Stanley Black & Decker, Cerniglia spent nine years at
United Technologies Corporation in various financial roles of increasing
"We were diligent in our search for a candidate who fits with our long-term
strategic vision and would help us achieve our goals," said Raver. "Kristina
brings a wealth of industrial manufacturing experience to the CFO position
that we will utilize to drive additional value throughout the enterprise."
Since becoming a publicly traded company in 2008, Hillenbrand has transformed
from a $650 million North American death care business to a $1.6 billion
global diversified industrial company. Hillenbrand now operates two business
segments: The Process Equipment Group and Batesville. The Process Equipment
Group has multiple market-leading brands of process and material handling
equipment and systems serving a wide variety of industries across the globe.
Batesville is a recognized leader in the North American death care industry.
Batesville serves as the Company's core cash-generating operation helping
Hillenbrand execute its strategy of growing both organically and through
About Hillenbrand, Inc.
Hillenbrand (www.Hillenbrand.com) is a global diversified industrial company
that makes and sells premium business-to-business products and services for a
wide variety of industries. We pursue profitable growth and meaningful
dividends for our shareholders by leveraging our leading brands, robust cash
generation capabilities and strong core competencies.
Photo - http://photos.prnewswire.com/prnh/20140623/120689
SOURCE Hillenbrand, Inc.
Contact: Investor Relations for Hillenbrand: Chris Gordon, Director, Investor
Relations, 812-931-5001, email@example.com; Public Policy &
Engagement for Hillenbrand: Chris Lowery, Director Public Policy & Engagement,
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