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Hill-Rom Announces CEO Succession Plan
Date:9/17/2009

BATESVILLE, Ind., Sept. 17 /PRNewswire-FirstCall/ -- The Board of Directors of Hill-Rom Holdings, Inc. (NYSE: HRC) today announced plans to facilitate the orderly succession and retirement of Peter H. Soderberg, president and CEO. Consistent with his wishes conveyed at the time of his arrival in 2006 and endorsed by the Board at that time, Soderberg will formally retire as an employee of the company at the end of April 2011 (at age 65).

The Board has formed a search committee to identify a new CEO and has retained Spencer Stuart, a leading executive recruiting firm, to advise the Board. The search process, which is already underway, will include a full review of both internal and external candidates. Soderberg will remain as President and CEO until a successor is named, which is anticipated to occur in 2010. After the new CEO assumes responsibility, Soderberg will become Chief Innovation Officer reporting to the new President and CEO. In that role, it is anticipated that Soderberg will continue to advise and help shape the company's business and product innovation initiatives on a part-time basis. Soderberg will remain on the Board until his successor has taken office.

"Hill-Rom is in a strong position as a result of Peter's leadership. We have a clear and focused strategy and continue to execute it successfully in spite of the economic downturn. Consistent with our succession planning process and obligation to shareholders and employees, the Board is committed to an extensive search for the right candidate and expects the transition to be seamless," said Rolf A. Classon, Hill-Rom's Board Chairman and an independent director.

Joanne Smith, as chair of the company's Nominating and Corporate Governance committee, added, "We are in a p
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SOURCE Hill-Rom Holdings, Inc.
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