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Hillenbrand Elects Joseph Lower to the Board of Directors and Establishes Vice Chairperson Roles

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Hillenbrand (NYSE: HI) has elected Joseph T. Lower to its Board of Directors as an independent director. Mr. Lower, former Executive Vice President and CFO of AutoNation, brings decades of leadership experience in finance, strategy, and business development. He will serve as Vice Chairperson of the Board's Audit Committee and on its Nominating/Corporate Governance and Mergers and Acquisitions Committees.

Additionally, Inderpreet Sawhney, current Board member, will assume the role of Vice Chairperson of the Nominating/Corporate Governance Committee. These appointments, effective Dec. 1, 2024, are part of Hillenbrand's ongoing commitment to Board development and succession planning. With Mr. Lower's addition, the Board will increase to 11 directors, 10 of whom are independent.

Hillenbrand (NYSE: HI) ha eletto Joseph T. Lower nel suo Consiglio di Amministrazione come direttore indipendente. Il signor Lower, ex Vice Presidente Esecutivo e CFO di AutoNation, porta con sé decenni di esperienza dirigenziale in finanza, strategia e sviluppo aziendale. Servirà come Vice Presidente del Comitato di Audit del Consiglio e farà parte dei comitati di Nominazione/Governance Aziendale e di Fusioni e Acquisizioni.

Inoltre, Inderpreet Sawhney, attuale membro del Consiglio, assumerà il ruolo di Vice Presidente del Comitato di Nominazione/Governance Aziendale. Queste nomine, effettive dal 1° dicembre 2024, fanno parte dell'impegno continuo di Hillenbrand per lo sviluppo del Consiglio e la pianificazione della successione. Con l'aggiunta del signor Lower, il Consiglio aumenterà a 11 membri, 10 dei quali sono indipendenti.

Hillenbrand (NYSE: HI) ha elegido a Joseph T. Lower para su Junta Directiva como director independiente. El Sr. Lower, ex Vicepresidente Ejecutivo y CFO de AutoNation, aporta décadas de experiencia en liderazgo en finanzas, estrategia y desarrollo empresarial. Servirá como Vicepresidente del Comité de Auditoría de la Junta y formará parte de los Comités de Nominaciones/Gobernanza Corporativa y de Fusiones y Adquisiciones.

Además, Inderpreet Sawhney, actual miembro de la Junta, asumirá el cargo de Vicepresidente del Comité de Nominaciones/Gobernanza Corporativa. Estas nombramientos, que entrarán en vigor el 1 de diciembre de 2024, son parte del compromiso continuo de Hillenbrand con el desarrollo y la planificación de sucesión de la Junta. Con la incorporación del Sr. Lower, la Junta aumentará a 11 directores, 10 de los cuales son independientes.

힐렌브랜드(NYSE: HI)는 독립 이사로 조셉 T. 로워를 이사회에 선출했습니다. 로워 씨는 전 오토네이션의 부사장 겸 CFO로서 재무, 전략 및 사업 개발 분야에서 수십 년의 리더십 경험을 가지고 있습니다. 그는 이사회의 감사위원회 부위원장과 지명/기업 거버넌스 위원회 및 인수합병 위원회에서 활동할 것입니다.

또한, 현재 이사인 인더프리트 사우니가 지명/기업 거버넌스 위원회의 부위원장 역할을 맡게 됩니다. 이들 임명은 2024년 12월 1일부터 효력을 발휘하며, 힐렌브랜드의 이사회 개발 및 후계 계획에 대한 지속적인 약속의 일환입니다. 로워 씨의 추가로 이사회는 11명의 이사로 증가하며, 그 중 10명은 독립 이사입니다.

Hillenbrand (NYSE: HI) a élu Joseph T. Lower au Conseil d'Administration en tant que directeur indépendant. M. Lower, ancien vice-président exécutif et CFO d'AutoNation, apporte des décennies d'expérience en leadership dans la finance, la stratégie et le développement commercial. Il sera le vice-président du comité d'audit du conseil et siégera à son comité de nomination/de gouvernance d'entreprise et à ses comités des fusions et acquisitions.

De plus, Inderpreet Sawhney, membre actuel du Conseil, assumera le rôle de vice-président du comité de nomination/de gouvernance d'entreprise. Ces nominations, qui prendront effet le 1er décembre 2024, font partie de l'engagement continu de Hillenbrand en matière de développement du conseil et de planification de la succession. Avec l'ajout de M. Lower, le Conseil comptera 11 directeurs, dont 10 sont indépendants.

Hillenbrand (NYSE: HI) hat Joseph T. Lower in seinen Aufsichtsrat als unabhängigen Direktor gewählt. Herr Lower, ehemaliger Executive Vice President und CFO von AutoNation, bringt jahrzehntelange Führungserfahrung in Finanz, Strategie und Geschäftsentwicklung mit. Er wird als stellvertretender Vorsitzender des Prüfungsausschusses und in den Ausschüssen für Nominierung/Unternehmensführung sowie Fusionen und Übernahmen tätig sein.

Zudem wird Inderpreet Sawhney, aktuelles Mitglied des Aufsichtsrats, die Rolle des stellvertretenden Vorsitzenden des Nominierungs-/Corporate Governance-Ausschusses übernehmen. Diese Ernennungen, die am 1. Dezember 2024 wirksam werden, sind Teil des fortlaufenden Engagements von Hillenbrand für die Entwicklung des Aufsichtsrats und die Nachfolgeplanung. Mit der Ergänzung von Herrn Lower wird der Aufsichtsrat auf 11 Direktoren erhöht, von denen 10 unabhängig sind.

Positive
  • Addition of Joseph Lower to the Board brings extensive expertise in strategic planning, capital markets, and financial operations
  • Expansion of the Board to 11 directors, with 10 being independent, potentially improving governance
  • Creation of Vice Chairperson roles for key committees, enhancing leadership structure
Negative
  • None.
  • 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.

Hillenbrand - a global diversified industrial company. (PRNewsfoto/Hillenbrand, Inc.)

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SOURCE Hillenbrand

FAQ

When will Joseph Lower join Hillenbrand's (HI) Board of Directors?

Joseph Lower will join Hillenbrand's Board of Directors and assume his new roles on December 1, 2024.

What positions will Joseph Lower hold on Hillenbrand's (HI) Board?

Joseph Lower will serve as an independent director, Vice Chairperson of the Audit Committee, and member of the Nominating/Corporate Governance and Mergers and Acquisitions Committees.

How many independent directors will Hillenbrand (HI) have after Joseph Lower's appointment?

After Joseph Lower's appointment, Hillenbrand will have 10 independent directors out of a total of 11 Board members.

What new role will Inderpreet Sawhney assume on Hillenbrand's (HI) Board?

Inderpreet Sawhney will assume the new role of Vice Chairperson of the Nominating/Corporate Governance Committee.

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