Invacare board says ‘right time’ for new leadership

ELYRIA, Ohio – Matt Monaghan has left his role as chairman, president and CEO of Invacare. 

Geoffrey Purtill, who has been serving as the company’s senior vice president and general manager, EMEA and APAC, is interim president and CEO. 

“After careful consideration, the board determined that now is the right time for a change in leadership to oversee the successful execution of Invacare’s business transformation,” Cliff Nastas, Invacare’s lead independent director. “We welcome Geoff who has distinguished himself throughout his tenure with Invacare. The board has full confidence that he has the right skillset and industry experience to lead the company through this transition as we search for a permanent successor who can accelerate the achievement of our objectives. We thank Matt for his years of service. We look forward to having Geoff advance our strategic initiatives.” 

Invacare’s board of directors has launched a search to identify and appoint a permanent CEO. 

The company has also announced that Michael Merriman, Jr. has been appointed a director and named non-executive chairman of the board. Merriman, who previously served on Invacare’s board and served as chair of its Audit Committee from 2014 to 2018, will also serve on the company’s Strategy Committee. He succeeds Cliff Nastas as the company's lead independent director. 

Purtill has served as senior vice president and general manager, EMEA and APAC, since December 2021 and, prior to that, led Invacare’s global strategy efforts. Previously, he served for 11 years as vice president and general manager of the company’s Asia Pacific region.