Hillenbrand, Inc. (NYSE: HI) has announced the transition of its Chief Financial Officer (CFO) as Robert "Bob" VanHimbergen, the current Senior Vice President and CFO, is set to leave the company effective June 27, 2025. Following VanHimbergen's departure, Megan Walke, the Vice President, Corporate Controller, and Chief Accounting Officer (CAO), will step in as the interim CFO. Walke, who has been with Hillenbrand for 14 years, has held significant financial leadership positions, including CAO since May 2022.
The company highlighted VanHimbergen's contributions over the past three years, particularly in transforming Hillenbrand into a pure-play industrial company. Hillenbrand's President and CEO, Kim Ryan, expressed appreciation for VanHimbergen's leadership and noted that the company is well-positioned to execute its strategy due to the competitive positioning of its industry-leading brands.
Hillenbrand has engaged a leading executive search firm to conduct a comprehensive search for a permanent CFO as it continues to pursue its next financial leader.
This transition comes at a crucial time for Hillenbrand, as it seeks to maintain its competitive edge and execute its strategy in the industrial sector. The company's financial performance and strategic decisions in the coming months will likely be closely scrutinized as it navigates this transition period. Following these announcements, the company's shares moved -2.42%, and are now trading at a price of $22.56. If you want to know more, read the company's complete 8-K report here.