Batesville Holdings Announces New Board of Directors in Preparation for March 31 Spin-Off from Hillenbrand Industries
20 Mars 2008 - 7:00PM
PR Newswire (US)
BATESVILLE, Ind., March 20 /PRNewswire-FirstCall/ -- Batesville
Holdings, Inc., a wholly owned subsidiary of Hillenbrand
Industries, Inc. (NYSE:HB), representing the present Batesville
Casket Company's funeral services division, announced the
appointment of eight individuals who will serve on its new board of
directors. Batesville Holdings, Inc., will be officially renamed
Hillenbrand, Inc. (NYSE:HI), on March 31, 2008. The new
Hillenbrand, Inc. board was approved by the Hillenbrand Industries
board of directors at its special board meeting on March 14, 2008
and will take office upon completion of the spin-off. "As we embark
on our journey as a separate publicly traded company, one of our
most important tasks is to ensure we have a strong, well balanced
and engaged board of directors," said Ray Hillenbrand, chairperson
of the board, Hillenbrand, Inc. "The new directors for Hillenbrand,
Inc. have the qualifications, experience and capabilities to help
us set our course and oversee our operations. I look forward to
their wisdom and counsel in the months and years ahead as we begin
this exciting new chapter in our history." "We are pleased to have
such a highly qualified, talented and experienced group of
individuals to serve on the new Hillenbrand, Inc., board of
directors," added Kenneth A. Camp, president and chief executive
officer of Hillenbrand, Inc. "Their collective caliber of expertise
and insight will prove invaluable in providing oversight and
counsel on our quest to create significant shareholder value moving
forward." In addition to his responsibilities as chairperson, Ray
Hillenbrand has also been appointed chairperson of the
Nominating/Governance Committee of the new Hillenbrand, Inc.
Hillenbrand served as chairman of the board for Hillenbrand
Industries from 2001 to 2006, and as a board member for 38 years.
Currently, he serves as president of the Dakota Charitable
Foundation and also serves as a member of the board of trustees of
The Catholic University of America. James A. Henderson will serve
as vice chairperson of the board and chairperson of the Management
Development/Compensation Committee. Henderson is the former
chairman and chief executive officer of Cummins Inc. He currently
serves on the board of Nanophase Technologies Corporation and
formerly served as a board member for AT&T Inc., International
Paper, Rohm and Hass Company and Ryerson, Inc. Henderson also
serves as the chairman of the board of trustees for The Culver
Educational Foundation. Eduardo Menasce will serve as Audit
Committee chairperson and has served four years as a Hillenbrand
Industries board member. He is the former president of Enterprise
Solutions Group for Verizon Communications and prior, served as
president and chief executive officer of CTI MOVIL S.A.
(Argentina). He is also the former chairman and chief executive
officer of GTE Lighting (France). Menasce currently serves on the
board of directors of Pitney Bowes, Inc., John Wiley & Sons and
KeyCorp and is a past member of the board of advisors of Adventis.
He will continue to serve on the board of the new Hill-Rom
Holdings, Inc. Other members of the board will include: Kenneth A.
Camp, president and chief executive officer of Hillenbrand, Inc.,
and Batesville Casket Company. Camp currently serves as a member of
the Funeral Services Foundation board of directors. William J.
Cernugel, former senior vice president and chief financial officer
of Alberto-Culver Company. He serves on the boards of the
Rehabilitation Institute of Chicago and Gottlieb Health Resources,
Inc. and is the chairman of their respective audit and finance
committees. Cernugel also serves as a board member for the Illinois
CPA Society and is a certified public accountant. Mark C. DeLuzio,
founder and current president and chief executive officer for Lean
Horizons Consulting, LLC. He is a former vice president of Danaher
Business Systems for Danaher Corporation. DeLuzio currently serves
as a member of Central Connecticut State University's advisory
boards for its School of Business and School of Engineering and
Technology and is a life member of the Shingo Academy for
Excellence in Manufacturing. W August Hillenbrand, former chief
executive officer of Hillenbrand Industries. He has served as a
board member for 36 years and is the chief executive officer for
Hillenbrand Capital Partners, an unaffiliated family investment
partnership. Hillenbrand is a board member of DPL, Inc., Dayton,
Ohio and will continue to serve on the board of the new Hill-Rom
Holdings, Inc. Thomas H. Johnson, founder and current chairman of
Johnson Consulting Group. He is the founder and prior chairman of
Prime Succession, a firm that managed and owned funeral service
providers. Johnson also serves as a board member for Funeral
Services Foundation and Great Western Life Insurance. ABOUT
HILLENBRAND INDUSTRIES, INC. Hillenbrand Industries is organized
into two operating companies serving the health care and funeral
services industries. Hill-Rom is a leading worldwide manufacturer
and provider of medical technologies and related services for the
health care industry, including patient support systems,
non-invasive therapeutic products for a variety of acute and
chronic medical conditions, medical equipment rentals, and
information technology solutions. Hill-Rom's comprehensive product
and service offerings are used by health care providers across the
health care continuum in hospitals, extended care facilities and
home care settings to enhance the safety and quality of patient
care. Hill-Rom... enhancing outcomes for patients and their
caregivers. Batesville Casket Company is 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. Batesville Casket
Company... helping families honor the lives of those they love.
http://www.hillenbrand.com/ DATASOURCE: Hillenbrand Industries,
Inc. CONTACT: Investor Relations, Blair A. (Andy) Rieth, Jr., Vice
President, Investor Relations, Corporate Communications &
Global Brand Development, +1-812-931-2199, , or Media Relations,
Lauren Green- Caldwell, Director, Corporate Communications &
Public Relations, +1-812-934-8692, , both of Hillenbrand
Industries; or Mark. R. Lanning, Vice President, Investor Relations
and Treasurer of Batesville Holdings, Inc., +1-812-934-7256, Web
site: http://www.hillenbrand.com/
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