Hill-Rom Loses CFO, Begins Replacement Search

Concurrently with the announcement of its preliminary fiscal 2013 third quarter results, Hill-Rom Co. Inc. also announced the resignation of its chief financial officer (CFO), Mark Guinan. Michael Macek, Hill-Rom’s vice president and treasurer, will act as interim CFO until the search for a new CFO is complete.

“Mark has been a strong leader and valued contributor to Hill-Rom throughout his tenure,” said John Greisch, president and CEO of the provider of surgical equipment respiratory care products, and other hospital equipment. “We have engaged an executive search consultant to conduct the process for identifying Mark’s successor as our chief financial officer, and will provide an update on the process when appropriate.”

As stated in its preliminary unaudited financial results for its fiscal third quarter ended June 30, 2013, Hill-Rom expects to report adjusted earnings of approximately $0.49 per share, within the range of its previous guidance. Revenue is expected to be approximately $424 million, an increase of 4 percent compared to last year. 

Hill-Rom is headquartered in Yonkers, N.Y.