ELYRIA, Ohio—Invacare Holdings Corporation, announced it has appointed Kai Zhu as senior vice president and chief financial officer, effective July 1, 2023. Zhu, 46, has served as Invacare’s vice president of finance EMEA since April 2022 and has more than two decades of financial leadership experience. Kathleen P. Leneghan, Invacare’s previous senior vice president and chief financial officer, announced her retirement from the company. She will remain at the company until Oct. 1 and will assist with the orderly transition of her duties to Zhu.
“On behalf of the Board of Directors, I am pleased to welcome Kai as our next chief financial officer," said Geoffrey P. Purtill, president and chief executive 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.”
Prior to joining Invacare, Zhu was chief financial officer of the Fire Fighting Group of CNH Industrial, N.V., a multinational agricultural machinery and transport vehicle company since January 2019. From April 2015 to December 2018, Zhu served in various financial leadership roles with Danaher KaVo Kerr Group, a dental equipment and consumables manufacturer, including most recently as the chief financial officer of its Emerging Markets Group.
The terms of Zhu's employment agreement will be described in a current report on form 8-K to be filed by the company on or about the date of this press release.
