Hillenbrand, Inc. announced Monday that Kristina A. Cerniglia will be joining the company as its Senior Vice President and Chief Financial Officer (CFO). She will report directly to Joe Raver, President and Chief Executive Officer. Raver had launched a global search to fill the position following the planned resignation of the company’s previous CFO. Cerniglia will start with the Company in early August.
“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.”
As the CFO, 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.”
Don Allan, SVP and CFO of Stanley Black & Decker issued a statement regarding Cerniglia joining Hillenbrand:
“I am proud to see Kristina join a vibrant, growing company with an impressive legacy like Hillenbrand as their Chief Financial Officer. Kristina has created significant value at Stanley Black & Decker over the past 17 years and I believe she will continue her track record as an excellent leader and business partner at Hillenbrand. We wish her the best in this new career opportunity.”
