Invacare CEO Suffers Stroke
Chairman and CEO Mixon to take temporary medical leave.
Invacare Corp. Chairman and CEO Malachi Mixon, III has suffered a mild stroke and will take a temporary medical leave, accordingly, the company reports.
In the meantime, Gerald Blouch, president and COO, will serve as interim CEO. Blouch has been with Invacare since 1990 and has served as COO since 1994. James Boland, Invacare’s Lead Director and a member of the Board since 1998, will be interim Chairman of the Board of Directors.
“I have suffered a mild stroke, but fortunately, my condition is stable and my doctors have told me the prognosis for a full recovery is favorable,” Mixon said in a public statement. “I look forward to returning to Invacare soon to full duty. In the interim, I am pleased to have Gerry Blouch and Jim Boland assume responsibility for my day-to-day activities as CEO and Chairman of Invacare.”
“In the interests of allowing Mal to focus on a speedy recovery, we are implementing a succession plan that we have had in place for some time,” Boland commented on behalf of the board. “Gerry has the entire Board’s complete support and has full authority to act as CEO during this time. We have every confidence that Invacare’s outstanding tenured management team will continue operations seamlessly.”