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Hill-Rom appoints John J. Greisch as president, CEO

RP news wires, Noria Corporation

Hill-Rom Holdings Inc. on January 7announced that John J. Greisch, 54, has been appointed president and chief executive officer of the company, effective January 8, 2010. He succeeds Peter H. Soderberg, who previously announced his intention to retire. Greisch also has been appointed to the company's board of directors.

 

Greisch brings over 30 years of international operations and financial leadership experience to Hill-Rom. He spent the past seven years at Baxter International Inc., a global diversified health care company with expertise in medical devices, pharmaceuticals and biotechnology. Most recently, Greisch served as Baxter's president, International Operations, and before that, as Chief Financial Officer. Greisch also served as president of Baxter's BioScience division.

 

"Our Board of Directors is delighted to welcome John Greisch to Hill-Rom," said Rolf A. Classon, Hill-Rom's chairman of the board. "With his proven leadership and successful track record, John will help us capitalize on Hill-Rom's market-leading position and global expansion opportunities that will drive future growth. We are confident that John and our strong management team will continue to execute our strategy to the benefit of our customers and our shareholders."

 

Commenting on his appointment, Greisch said, "This is an exciting opportunity for me. Hill-Rom has a great brand and strong market positions and I am proud to have the opportunity to lead the company to the next level of success. With the company's diverse product portfolio and focus on innovation, I am confident that we can continue to bring market-leading innovative solutions to patients and caregivers around the world and across the care continuum."

 

As previously announced, Soderberg will continue to advise the company on product and service innovation initiatives on a part-time basis. As planned, in connection with Greisch's appointment, Soderberg has stepped down from the company's board.

 

"We want to thank Peter for his dynamic and visionary leadership over the past four years, which has led us to spin off our funeral services business and positioned Hill-Rom as the focused and leading medical technology company it is today. We appreciate his willingness to continue his involvement with the company, which will ensure a smooth transition," concluded Classon.

 

In his most recent role as president, International Operations at Baxter, Greisch achieved double digit annual increases in revenues and profits. He doubled the company's business in China and led expansion efforts into new markets in Asia, the Middle East, Russia and Eastern/Central Europe. Prior to joining Baxter, Greisch was president and CEO of FleetPride Corporation. Before that, he spent 11 years at The Interlake Corporation, a diversified global manufacturing company, serving in a variety of roles, including Group president, chief financial officer, and president of its European operations based in London. Greisch currently serves on the Board of Directors for TomoTherapy Inc. He also serves on the board of directors of Children's Memorial Hospital Foundation and on the Board of Trustees of the John G. Shedd Aquarium. Greisch received a bachelor's degree in Business Administration from Ohio's Miami University and a master's degree in Management from Northwestern University's J.L. Kellogg Graduate School of Management.

 

About Hill-Rom

Hill-Rom is a leading worldwide manufacturer and provider of medical technologies and related services for the health care industry, including patient support systems, safe mobility and handling solutions, 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 and around the world in hospitals, extended care facilities and home care settings to enhance the safety and quality of patient care.

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