Hill-Rom Holdings Inc. (HRC) said it has hired Johnson &
Johnson's (JNJ) chief procurement officer, Mark Guinan, as its new
chief financial officer, succeeding Greg Miller.
A reason wasn't given for Miller's departure, and a company
spokesman wasn't immediately available for comment. He had been CFO
of Hill-Rom, which is the biggest supplier of beds to North
American acute-care hospitals, since 2005.
But Miller was passed over to become president and chief
executive by John Greisch, who joined the company in January from
Baxter International Inc. (BAX).
Guinan will join Hill-Rom on Dec. 13. He has held a number of
senior financial positions during his tenure with Johnson &
Johnson. Before he joined J&J, he had been with Procter &
Gamble Co. (PG).
Last week, Hill-Rom said its fiscal fourth-quarter earnings
surged 92% as revenue and margins grew and the company recorded a
litigation gain.
-By Nathan Becker, Dow Jones Newswires; 212-416-2855;
nathan.becker@dowjones.com