Invacare Corp. is preparing to welcome a current employee to a new role as CFO/Senior VP.
In a June 26 news announcement, Invacare said it’s promoting Kai Zhu to the new role, from Zhu’s current role as VP Finance EMEA (Europe, Middle East, and Africa). Zhu’s promotion is effective July 1.
Zhu will replace Kathleen P. Leneghan, the company’s long-time Senior VP and CFO, who is retiring. Leneghan will remain with Invacare to assist with the transition until Oct. 1.
Geoffrey P. Purtill, Invacare’s President/CEO, said in the announcement, “On behalf of the Board of Directors, I am pleased to welcome Kai as our next Chief Financial Officer. Kai brings deep experience and financial acumen to the global leadership team and is well suited to lead our financial organization as Invacare enters its next phase of growth and development. I want to express my sincere gratitude and appreciation to Kathy for her over 30 years of service to Invacare and her dedication and resilience in leading our organization through a critical phase of our evolution. We wish Kathy well in her retirement.”
Zhu joined Invacare in April 2022 and “has over two decades of financial leadership experience,” Invacare said.
