Hillenbrand Taps Former Black & Decker Executive For CFO
By Mike Perleberg
(Batesville, Ind.) – Hillenbrand, Inc. is announcing a new senior vice president and chief financial officer.
The Batesville-based company which operates Batesville Casket has announced Kristina A. Cerniglia to take those roles following the planned resignation of Hillenbrand’s previous CFO. She was hired after a global search.
Cerniglia will report to Hillenbrand President and CEO Joe Raver.
“Kristina’s deep industrial experience and insight will be a tremendous asset to our company as we work to grow both organically and through acquisitions,” said Raver. “As we continue to transform Hillenbrand into a global diversified industrial company, it is vital that we attract leaders with relevant experience and a proven track record of success in the industrial equipment space.”
According to a company press release, Cerniglia will lead the company’s finance organization, overseeing financial planning and analysis, reporting, tax, treasury, investor relations and internal audit. Cerniglia will also play a critical role in shaping Hillenbrand’s strategy as well as leading the company’s engagement with investors and analysts.
Cerniglia has more than 25 years of financial experience, most recently serving as Vice President, Corporate Controller at Stanley Black & Decker, an $11 billion diversified global provider of power and hand tools, mechanical access solutions, and electronic monitoring systems. She brings specific expertise in global financial management, financial reporting, and acquisition integration. Prior to Stanley Black & Decker, Cerniglia spent nine years at United Technologies Corporation in various financial roles of increasing responsibility.
“We were diligent in our search for a candidate who fits with our long-term strategic vision and would help us achieve our goals,” said Raver. “Kristina brings a wealth of industrial manufacturing experience to the CFO position that we will utilize to drive additional value throughout the enterprise.”
Since becoming a publicly traded company in 2008, Hillenbrand has transformed from a $650 million North American death care business to a $1.6 billion global diversified industrial company. Hillenbrand now operates two business segments: The Process Equipment Group and Batesville. The Process Equipment Group has multiple market-leading brands of process and material handling equipment and systems serving a wide variety of industries across the globe. Batesville is a recognized leader in the North American death care industry. Batesville serves as the Company’s core cash-generating operation helping Hillenbrand execute its strategy of growing both organically and through acquisitions.