The Hillenbrand, Inc. board of directors announced that, effective immediately, it has elected Helen W. Cornell as Vice Chairperson of the Board, and to become Chairperson of the Board effective upon the retirement of F. Joseph Loughrey, the Company's current Chairperson. Consistent with the board's retirement policy, Mr. Loughrey will retire as of a date not later than the company's 2023 annual meeting of shareholders. Ms. Cornell was also elected as Chairperson of the company's Nominating/Corporate Governance Committee, effective immediately, succeeding Mr. Loughrey in that role.

Ms. Cornell is the retired as executive vice president and chief financial officer of Gardner Denver, now Ingersoll Rand, and is current president, chief executive officer, and chair of the privately-owned Owensboro Grain Company. She is also a director of the privately-owned food distributor Dot Family Holdings, LLC, where she is a member of the Compensation Committee and chairs the Audit Committee. Ms. Cornell also previously served as a director, and chaired the Audit Committee, of Alamo Group, Inc., manufacturer of agricultural and other equipment.

She has been a member of the Hillenbrand board since 2011 and has served as Chairperson of Hillenbrand's Compensation and Management Development Committee since 2018. Gary L. Collar has been elected to succeed Ms. Cornell as Chairperson of Hillenbrand's Compensation and Management Development Committee, effective immediately. Mr. Collar has served as a director of the company since May 2015, working closely with Ms. Cornell on the Compensation and Management Development Committee.

He is the retired senior vice president and general manager of the Asia Pacific and Africa region for AGCO Corporation. Ms. Cornell and Mr. Loughrey will work closely during the upcoming year to execute a smooth transition and continue to provide leadership and direction to the company's board of directors.