Hillenbrand Board Appoints Neil Novich as New Director
24 Février 2010 - 9:45PM
PR Newswire (US)
BATESVILLE, Ind., Feb. 24 /PRNewswire-FirstCall/ -- The board of
directors of Hillenbrand, Inc. (NYSE:HI), has elected Neil S.
Novich to a newly created board seat, effective immediately. "We're
very excited to have Neil join us as a director," said Ray J.
Hillenbrand, chairman of the Hillenbrand board of directors. "Neil
isn't a stranger to the Hillenbrand board, serving as a special
advisor since 2008. We already benefit from his experience and
counsel regarding acquisitions and organic growth strategies, and
we're looking forward to Neil's continued role in helping us build
value for our shareholders." Novich is the former chairman,
president and chief executive officer of Ryerson, Inc., a global
metals distributor and fabricator. He joined Ryerson is 1994 as
chief operating officer, was named president and CEO in 1995, then
added chairman to his title in 1999. He remained chairman and CEO
until 2007, when the company was sold. Prior to his time at
Ryerson, Novich spent 13 years as a partner with Bain &
Company, an international management consulting firm. Active in the
business community, Novich serves on the boards of Analog Devices,
Inc., of Norwood, Massachusetts, and W.W. Grainger, Inc., of Lake
Forest, Illinois, where he chairs the Compensation Committee. He is
also a trustee of both the Field Museum of National History and of
Children's Home & Aid in Chicago and is a member of the
Visiting Committee to the Physical Sciences Division of the
University of Chicago. "I've developed a great deal of respect for
Hillenbrand's board over the past two years and couldn't be more
pleased to become a director," said Novich. "The company is poised
for growth opportunities both within the death care industry and in
new industries by virtue of its impending acquisition of K-Tron
International. I'm looking forward to being a part of these
important and exciting efforts." Novich has a bachelor's degree in
physics from Harvard University and master's degrees in both
nuclear engineering and management from the Massachusetts Institute
of Technology. ABOUT HILLENBRAND, INC. Hillenbrand, Inc.
(http://www.hillenbrandinc.com/) is the holding company for
Batesville Casket Company, a leader in the North American death
care industry through the sale of funeral services products,
including burial caskets, cremation caskets, containers and urns,
selection room display fixturing and other personalization and
memorialization products. HI-INC-C DATASOURCE: Hillenbrand, Inc.
CONTACT: Investor Relations, Hillenbrand, Inc.: Mark R. Lanning,
Vice President of Investor Relations and Treasurer,
+1-812-934-7256, Web Site: http://www.hillenbrandinc.com/
Copyright