Joe A. Raver is the former President and CEO of Hillenbrand, Inc., a company he joined in 2008. With a Bachelor's degree in economics from Dartmouth College and an MBA from Northwestern's Kellogg School, Raver has a solid background in...

Joe A. Raver is the former President and CEO of Hillenbrand, Inc., a company he joined in 2008. With a Bachelor's degree in economics from Dartmouth College and an MBA from Northwestern's Kellogg School, Raver has a solid background in management. He began as President of Batesville Casket Company, a Hillenbrand subsidiary, before moving up the ranks. He took the helm of Hillenbrand in 2013, leading the company until his retirement in December 2021. Under his leadership, Hillenbrand focused on performance-based compensation to ensure executives were aligned with shareholders' interests. That's a smart move. Before Hillenbrand, he worked for Hill-Rom Holdings, where he gained experience in various roles, including managing respiratory care. Raver is known for his strategic approach, emphasizing long-term value and growth while steering the company through various challenges. His personal journey shows a commitment to learning and advancing, with over a decade of experience at Batesville before joining Hillenbrand. The transition to a new CEO, Kimberly K. Ryan, signals a new chapter, but Raver's impact remains significant.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Hillenbrand CEOs

H

Joe A. Raver

Ex-CEO of Hillenbrand

Education

Bachelor's degree in economics from Dartmouth College; MBA from Kellogg School of Management at Northwestern University.

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

January 1, 1974 - 51 years ago

CEO of Hillenbrand for

8 years 3 months (Sep 2013 - Dec 2021)

Previous Experience

President of Batesville Casket Company; President of Process Equipment Group at Hillenbrand.

Rivals

Competitors/colleagues of Joe A. Raver

B

David M. Foulkes

CEO of Brunswick

2023 Compensation

Stock

$0.00

Salary

$1.16M

Bonus

$0.00

Other

$389.62K

Total Holdings

$16.97M

D

Richard J. Tobin

CEO of Dover

2023 Compensation

Stock

$3.25M

Salary

$1.29M

Bonus

$2.00M

Other

$207.19K

Total Holdings

$69.71M

L

Christopher L. Mapes

CEO of Lincoln Electric Holdings

2023 Compensation

Stock

$2.59M

Salary

$1.11M

Bonus

$2.78M

Other

$320.35K

Total Holdings

$21.65M

I

Nicholas Fanandakis

CEO of ITT

2023 Compensation

Stock

$0.00

Salary

$1.09M

Bonus

$0.00

Other

$158.98K

Total Holdings

$1.45M

Holdings

See how much did Joe A. Raver make over time.

Joe A. Raver, as CEO of Hillenbrand, had fluctuating holdings during his tenure. His total compensation peaked in 2020 at $2.39 million, largely from performance-based incentives, reflecting the company's growth. In 2021, his pay dropped to nearly $1 million as...

Joe A. Raver, as CEO of Hillenbrand, had fluctuating holdings during his tenure. His total compensation peaked in 2020 at $2.39 million, largely from performance-based incentives, reflecting the company's growth. In 2021, his pay dropped to nearly $1 million as he moved toward retirement, showing a shift away from bonuses and stock options. Key aspects of his compensation included a heavy emphasis on long-term performance metrics such as net revenue and cash flow, connecting his earnings to the company's success. Over the years, he exercised stock options worth hundreds of thousands, especially notable in 2015 when he reported $387,499 from vested options, highlighting his strategic financial planning. Overall, his holdings tell a story of a leader focused on aligning personal gains with company performance.

Total Stock Sold

$23.63M

HI

$23.63M

527,043.516 HI shares

What if they kept their stock?

If Joe A. Raver didn't sell their stock, today they would have:
Extra HI527,043.516 shares worth $14.69M.
This is -37.83% and $8.94M less than what they got when they sold the stock.

Charitable Transactions

HI

5,000 shares

HI

Recent Charitable Transactions

HI

5,000 shares

HI

Mar 31, 2021

Charity

Insider Trading

See recent insider trades of Joe A. Raver.

HI

$4.69M

HI at $52.01/share

Dec 23, 2021

Sale

HI

$6.88M

HI at $50.23/share

Dec 7, 2021

Sale

HI

$2.31M

HI at $45.77/share

Dec 1, 2021

Received

HI

$2.11M

HI at $45.59/share

Sep 2, 2021

Sale

HI

$1.96M

HI at $43.39/share

Aug 18, 2021

Sale

HI

5,000 shares

HI

Mar 31, 2021

Charity

HI

$1.66M

HI at $38.07/share

Dec 2, 2020

Received

HI

$2.34M

HI at $35.83/share

Nov 16, 2020

Sale

HI

$85.13K

HI at $17.03/share

Mar 13, 2020

Purchase

HI

$40.13K

HI at $20.06/share

Mar 11, 2020

Purchase

Compensation History

See how much did Joe A. Raver make over time.

Joe A. Raver's compensation as CEO of Hillenbrand varied throughout his tenure, reflecting the company's performance. In 2021, his total pay was about $983,821, primarily from his salary of $868,425 and other benefits. Notably, no bonuses or stock options were awarded that year, emphasizing a shift towards long-term compensation models. In contrast, in 2020, his total compensation soared to $2.39 million, driven by a substantial bonus of $663,800 due to excellent performance metrics. This trend illustrates a strong performance-based pay structure, aimed at cultivating value for shareholders. Over the years, his annual base salary increased gradually while bonuses and equity-based awards have been contingent on achieving specific performance targets, showcasing Raver's commitment to aligning management pay with business success.

Year

2021

Total Compensation

$983.82K

Salary

$868.43K

Board Justification

The compensation philosophy focuses on performance-based compensation to align with shareholder interests, emphasizing long-term value creation.

Bonus

$0.00

Board Justification

No bonus was awarded in 2021.

Other

$115.40K

Board Justification

This includes contributions to retirement plans and other personal benefits.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock was vested in 2021 as the focus is on performance-based awards that vest in future years.

Performance Metrics

Performance metrics included Adjusted IBT, Net Revenue, and Cash Conversion Cycle.

Other Hillenbrand CEOs

Here are other CEOs of Hillenbrand

Kenneth A. Camp

Ex-CEO of Hillenbrand

September 2009 - September 2013

Kimberly K. Ryan

CEO of Hillenbrand

January 2022 - Present