Invacare Names Matthew Monaghan CEO

(RTTNews) - Invacare Corp. (IVC) said Thursday that it has appointed Matthew Monaghan as President and Chief Executive Officer, effective April 1.

Monaghan's appointment follows an extensive global search conducted by an executive search firm under the direction of the Invacare Board of Directors.

Robert Gudbranson will continue to serve as Interim President and Chief Executive Officer until Monaghan joins the company, after which time Gudbranson will continue as Senior Vice President and Chief Financial Officer.

Monaghan, 47, currently serves as Senior Vice President and General Manager of Zimmer Holdings, Inc.'s (ZMH) Global Hips business. He also oversees the company's global reconstructive research group. Prior to joining Zimmer in 2009, he spent eight years as an operating executive for two leading private equity firms, Texas Pacific Group and Cerberus Capital.

Monaghan spent the first 13 years of his career in aerospace manufacturing and engineering at General Electric Co. (GE).