September 18, 2009, 2009 (FinancialWire) — Hill-Rom Holdings, Inc. (NYSE: HRC) said that company president and CEO Peter H. Soderberg will formally retire as an employee of Hill-Rom at the end of April 2011. The company’s board has formed a search committee to identify a new CEO and has retained Spencer Stuart, an executive recruiting firm, to advise it.

The search process, which, according to Hill-Rom is already underway, will include a review of both internal and external candidates. Soderberg will remain as president and CEO until a successor is named, which the company said is expected to occur in 2010.

After the new CEO assumes responsibility, Soderberg will become chief innovation officer reporting to the new president and CEO. Soderberg will remain on the board until his successor has taken office.

Batesville, Indiana-based Hill-Rom is a manufacturer and provider of medical technologies and related services for the health care industry. The company’s products include patient support systems, safe mobility and handling solutions, non-invasive therapeutic products, medical equipment rentals and information technology solutions.

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