- Mr. Lower Brings Decades of Leadership Experience in
Finance, Strategy, and Business Development
- Mr. Lower Named as Vice Chairperson of Audit
Committee
- Director Inderpreet Sawhney Named as Vice Chairperson
of Nominating/Corporate Governance Committee
BATESVILLE, Ind., Oct. 21,
2024 /PRNewswire/ -- Hillenbrand, Inc. (the
"Company") (NYSE: HI), a leading global provider of
highly-engineered processing equipment and solutions, announced
today that Joseph T. Lower, former
Executive Vice President and Chief Financial Officer of AutoNation,
Inc., has been elected to the Company's Board of Directors (the
"Board") as an independent director.
Mr. Lower has decades of leadership experience in finance,
strategy, and business development with a track record of success
across a variety of industries. His experiences include serving as
Chief Financial Officer at AutoNation, from which he retired in
2024, and previously as Chief Financial Officer of Office Depot,
where he helped lead its transformation strategy. Prior to Office
Depot, he served as Chief Financial Officer of B/E Aerospace, Inc.,
a manufacturer of aircraft cabin interior products, which was
acquired by Rockwell Collins, Inc.
"We are pleased to welcome Joe to the Board. He is an
accomplished executive who brings extensive expertise in strategic
planning, capital markets, and financial operations that will be
integral in our drive to deliver shareholder value," said
Helen W. Cornell, Hillenbrand Board
Chairperson. "With this appointment and the addition of the vice
chairperson roles, we continue to execute our ongoing commitment to
Board development and succession planning, with a focus on evolving
our Board's skillsets in alignment with Hillenbrand's long-term
strategy for profitable growth."
"Joe's extensive leadership experience and financial expertise
make him a great addition to our Board. We look forward to his
contributions and Inderpreet's new role as we work together to
execute our strategy and deliver value to our shareholders," said
Kim Ryan, President and Chief
Executive Officer of Hillenbrand.
In addition to joining the Board, Mr. Lower will assume the role
of Vice Chairperson of the Board's Audit Committee and serve on its
Nominating/Corporate Governance Committee and Mergers and
Acquisitions Committee, leveraging his more than 30 years of
financial leadership and mergers and acquisitions experience.
Inderpreet Sawhney will assume a
new role of Vice Chairperson of the Nominating/Corporate Governance
Committee. She has been Group General Counsel and Chief Compliance
Officer of Infosys Ltd., a global leader in next-generation digital
services, since 2017. Prior to joining Infosys, Ms. Sawhney worked
as General Counsel of Wipro Limited, a large IT service company,
and at The Chugh Firm, a private law firm. She joined the
Hillenbrand Board of Directors in 2021.
Mr. Lower and Ms. Sawhney will assume their new roles on
Dec. 1, 2024. With Mr. Lower's
addition, the Hillenbrand Board of Directors will increase to 11
directors, 10 of whom are independent directors.
About Hillenbrand
Hillenbrand (NYSE: HI) is a
global industrial company that provides highly engineered,
mission-critical processing equipment and solutions to customers in
over 100 countries around the world. Our portfolio is composed of
leading industrial brands that serve large, attractive end markets,
including durable plastics, food, and recycling. Guided by our
Purpose — Shape What Matters For Tomorrow™ — we pursue excellence,
collaboration, and innovation to consistently shape solutions that
best serve our associates, customers, communities, and other
stakeholders. To learn more, visit: www.hillenbrand.com.
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SOURCE Hillenbrand