Hill-Rom announces planned retirement of chief executive officer

Hill-Rom has announced that John Greisch, its president and chief executive officer (CEO), will be retiring from the company.

Mr Greisch will be leaving the company during its fiscal third quarter and will also step down from the board of directors at this time, with a search process to identify a successor having already commenced. Internal and external candidates will both be considered.

The CEO has led Hill-Rom for the last eight years, during which time it has transformed its business portfolio, expanded globally and enhanced its leadership position in the field of medical devices.

Rolf Classon, chairman of the Hill-Rom board, said: "John has directed Hill-Rom to record profitability, created significant shareholder value and positioned the company for a great future. Our company and leadership team have never been stronger, and we look forward to a seamless transition."

The company has also recently announced its financial results for the first quarter of the fiscal year, which ended on December 31st 2017. During this period, it achieved a five percent year-on-year revenue increase, exceeding its internal guidance.

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