The Elyria-based maker of wheelchairs and other medical equipment announced Matthew E. Monaghan has been removed from his roles as chairman, president and CEO. Geoffrey P. Purtill, who had been Invacare's senior vice president and general manager, EMEA (Europe, Middle East and Africa) and APAC (Asia-Pacific), was named interim president and CEO. The company also named a new board chair.
Invacare Corp (IVC) Announces Cooperation Agreement With Azurite Management streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
The Elyria-based medical equipment maker said it has entered into a 'cooperation agreement' with its largest shareholder, Azurite Management, which owned about 10.3% of the company's shares outstanding. As part of the agreement, Invacare has appointed two new independent directors: Steven H. Rosen and Edward F. Crawford. Two other directors have departed.
Kent State University s business college to be renamed after Park-Ohio s Edward Crawford in wake of major gift crainscleveland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainscleveland.com Daily Mail and Mail on Sunday newspapers.