Kenneth Camp, President and CEO of Hillenbrand, Inc.
(Batesville, Ind.) - The leader of one of southeast Indiana’s biggest companies is retiring.
Kenneth A. Camp, the CEO, President, and Director of Hillenbrand, Inc., notified the company’s Board of Directors of his intent to retire in 2013, according to a Hillenbrand press release issued Wednesday.
Camp will step down on September 6. He’ll stick around through the end of the year to aid in the transition to a new CEO – accomplished Hillenbrand executive Joe Raver.
Hillenbrand said Camp helped transform the company from a 650 million dollar casket company serving North America to a 1.6 billion dollar global diversified industrial company.
"We can't honor Ken enough for the transformative work he has done for Hillenbrand. It was his vision that started us on the course to becoming a global, diversified industrial company and set a foundation for our continued strategic growth,” said Joe Loughrey, Hillenbrand’s Chairman of the Board.
According to the press release, Camp has been a visionary leader for the Batesville-based company. He guided Hillenbrand’s transformation 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. He has led the strategy and transition to two global platforms and has taken steps toward a third.
Additionally, the 32-year employee of Hillenbrand has developed a talented leadership team that is well positioned to take the company to the next level of achievement.
"I'm proud of the successes we've achieved — all of which are due to the gifted and dedicated people throughout Hillenbrand. I look forward to retirement and I will leave knowing this organization is in Joe Raver's very capable hands," Camp said.
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. Joe 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 exhibited insight and skill at the helm of a group that has grown significantly, both through organic growth and acquisition, and in a short time has expanded its presence in new markets such as China, Russia and India.
“The Board is unanimous in their support of Joe Raver," said Loughrey. "He is the product of a long-term, intentional leadership development focus at Hillenbrand. We're fortunate to have him and others like him ready to step up and serve when called."
Raver thanks the board and Camp for their confidence in him.
“(Camp) has been a significant mentor in our relentless pursuit of excellence. His example of focus and vision will serve me greatly in this role," Raver said.
Until Camp leaves the post in September, Raver will continue as president of the Process Equipment Group in Europe. Joe and his family will move back to the U.S. later this summer as he and Camp work closely to commence the transition.