Hill-Rom Announces CEO Retirement and Transition Plan

Hill-Rom Holdings Inc. announced that John J. Greisch, 62, president and chief executive officer, has informed the board of directors of his intention to retire from Hill-Rom during the company’s fiscal third quarter. At the effective time of the retirement, Greisch will also step down from the board of directors of the company. Hill-Rom’s board of directors has initiated a search process to identify a successor for Greisch, which is expected to be completed during Hill-Rom’s fiscal third quarter. The process will include a review of both internal and external candidates.
 
“It has been an honor to lead this great company over the last eight years, and I am extremely proud of the value we have created together for patients, customers and shareholders,” said Greisch. “I want to thank each of our 10,000 employees around the world for their support and ongoing commitment to helping people get better care inside and outside the hospital. This is the right time for me personally, and for the company, to transition to the next generation of leadership. Hill-Rom is well positioned for future success with a strong team, solid foundation, and exciting growth prospects, and I look forward to working alongside our tremendous leadership team until we’ve successfully transitioned to my successor.”
 
“On behalf of the Board, I would like to thank John for his invaluable leadership and significant contributions to Hill-Rom,” said Rolf Classon, chairman of the board. “Under his leadership, Hill-Rom has transformed its business portfolio, expanded globally and enhanced its position as a global medical device leader. John has directed Hill-Rom to record profitability, created significant shareholder value and positioned the company for a great future. Our company and leadership team have never been stronger, and we look forward to a seamless transition.”