Zhu brings more than two decades of financial leadership experience, having served as Invacare VP of finance for EMEA since April 2022. He succeeds Kathleen Leneghan, who announced her retirement from the company. Leneghan plans to remain with Invacare until Oct. 1 and assist with the transition of duties to Zhu.
“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,” said Geoffrey P. Purtill, president and CEO. “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.”
Before joining Invacare, Zhu served as CFO of the Fire Fighting Group of CNH Industrial. He held that role at the multinational agricultural machinery and transport vehicle company since 2019. From April 2015 to December 2018, he held a number of financial leadership positions at Danaher KaVo Kerr Group. Most recently, he served as CFO of the dental equipment and consumables manufacturer’s emerging markets group.
Zhu’s appointment comes more than one month after Invacare emerged from Chapter 11 bankruptcy. The company began financial restructuring activities that included filing for bankruptcy in February.
