Kenneth Camp has notified the Board of Directors of Hillenbrand, Inc. of his intent to retire as president, CEO and director. Hillenbrand announced Camp’s departure on Wednesday in a company press release. Hillenbrand's Chairman of the Board, Joe Loughrey, has confirmed Ken's pending retirement and announced the decision of the Board of Directors to transfer leadership to Joe Raver. Camp will be stepping down from his position on Sept. 6 to effect a smooth transition of leadership to Raver prior to Camp's retirement on Dec. 31.
Ken Camp has been a visionary leader for the organization, guiding the transformation of the company from a $650 million casket company serving North America to a $1.6 billion global diversified industrial company doing business in 40 countries around the world, the company said in a press statement.
Raver spent 18 years in various key positions with Batesville Casket Company and its affiliates. He held the position of vice president of strategy for two years and then vice president and general manager of the respiratory care division for two years at Hill-Rom, a leading global provider of medical technologies. Raver succeeded Ken Camp as president of Batesville Casket Company in 2008 when Ken assumed his current role at Hillenbrand, Inc. In 2011, Joe became president of the Process Equipment Group, where he expanded its presence in new markets such as China, Russia and India.
Raver holds a Master of Business Administration degree in Marketing and Strategy from the Kellogg School of Management at Northwestern University, as well as a Bachelor of Arts degree in Economics from Dartmouth.
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