Hill-Rom begins CEO search under succession plan

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Medical equipment supplier Hill-Rom Holdings Inc. said yesterday it has begun a chief executive search to plan for the
retirement of current CEO Peter Soderberg.

When he joined the Batesville-based company in 2006, Soderberg made
plans to formally retire in April 2011, at age 65.

The company’s board has formed a search committee to identify
a new CEO and retained executive recruiting firm Spencer Stuart to advise the board. Internal and external candidates will
be considered.

Soderberg will remain president and CEO until a successor is named, which is anticipated to occur
next year.

After the new CEO assumes responsibility, Soderberg will become chief innovation officer, working part-time
and reporting to the new CEO.

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