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Hillenbrand announces leadership succession plan

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Hillenbrand Industries, parent company of Batesville Casket Company, announced last week that current CEO Joe A. Raver will be retiring at the end of 2021.  The following day, Kimberly K. Ryan will succeed him as CEO of the company.

In a press release that you can read here, Hillenbrand Chairperson Joe Loughrey describes Raver, “A steadfast and strategic leader, Joe has guided Hillenbrand since 2013. During his tenure, he played a significant role in transforming the Company from a $600 million death care business in North America to the approximately $2.5 billion global diversified industrial company it is today. In addition, Joe has been instrumental in the evolution of the Hillenbrand Operating Model and the Company’s inorganic growth strategy, including the transformative acquisitions of Coperion and Milacron. . . “

Ryan joined Batesville Casket Company in 1989 and for over 33 years she has worked in the Hillenbrand company, including a tenure as President of Batesville Casket Company.  Since 2015, she has been President of Coperion, Hillenbrand’s largest business.  Loughrey said of her, “For the past six years, Kim has led Coperion, and with her deep experience and strong track record of global leadership and execution, she is the right choice to lead Hillenbrand through its next phase of continued growth and shareholder value creation.”

You can learn the history of Hillenbrand Industries here.

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