My Watchlist

Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.

Recs

0

Hillenbrand Names New CEO

By | More Articles
March 20, 2013 | Comments (0)

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Batesville, Ind.-based Hillenbrand (NYSE: HI  ) is losing one chief executive officer and gaining another.

On Wednesday, 32-year company veteran Kenneth A. Camp announced that he has decided to retire at the end of this year. Three months before he retires, he will vacate the positions of president and CEO of the company to make way for newly promoted Hillenbrand exec Joe Raver on Sept. 6.

This won't be the first time Raver takes over a job Camp is vacating. When Camp moved from subsidiary Batesville Casket to take over Hillenbrand in 2008, Raver became president of that organization as well. His current position at Hillenbrand, however, is as president of the Process Equipment Group, where he helped expand Hillenbrand's business into China, Russia, and India.

Hillenbrand advised in an SEC filing that it has not yet established the terms of compensation for Raver in his new post. The company said it will make the requisite filing with this information once a contract has been drawn up.

Hillenbrand shares gained 0.5% in Wednesday trading ahead of this announcement. Shares closed at $25.09.

Jeff Fischer and team have demystified options. And they can rack up income like $1,030... $2,626... and $3,228 on a schedule you can set your watch by!
That's why we're glad to announce every single one of their closely guarded strategies is available to YOU during May and June – 100% FREE, no strings attached! Just enter your email address in the box below...

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Hillenbrand. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

DocumentId: 2324052, ~/Articles/ArticleHandler.aspx, 5/18/2013 5:21:57 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 8 hours ago Sponsored by:
DOW 15,354.40 121.18 0.80%
S&P 500 1,667.47 17.00 1.03%
NASD 3,498.97 33.73 0.97%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

5/17/2013 4:03 PM
HI $25.03 Down -0.11 -0.44%
Hillenbrand CAPS Rating: *****

Advertisement