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Invacare's Blouch retires

July 25, 2014HME News Staff

ELYRIA, Ohio - Invacare President and CEO Gerry Blouch will be paid benefits at a rate equal to 50% of his current salary ($875,000) for periods up to 18 months following his retirement, according to a Securities and Exchange Commission (SEC) filing.Other terms of Blouch's retirement package include: a benefit of $18,888 per month for up to 18 months; an additional $875 per month for up to 18 months in lieu of welfare benefits he would have been entitled to had he remained an employee; and up to...

Gerry Blouch, Invacare, retirement package

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