Invacare Appoints Aron I. Schwartz to Board

ELYRIA, Ohio (March 24, 2022)—Invacare Corporation announced the appointment of Aron I. Schwartz, age 51, to its board of directors, effective March 21, 2022. Schwartz currently serves as managing partner of ACON Investments, a private equity firm based in Washington, D.C. Schwartz has a wide range of financial experience in managing and overseeing companies across multiple industries, including companies undergoing strategic transformation.

Schwartz was unanimously appointed by the current members of the board and will serve on the company’s Audit Committee and its Nominating and Governance Committee. His appointment brings the number of Invacare directors to a total of nine, eight of whom are independent.

“We are pleased to further strengthen our board with the addition of Aron. His depth and breadth of financial and operational experience will be invaluable to Invacare as we continue to drive our business transformation and enhance our profitability,” said Matt Monaghan, chairman, president and chief executive officer.

“I am excited to join Invacare’s board of firectors, and work with the board and management team to help drive sustainable growth and solidify the company’s leadership position. I am proud to be working with a company which provides vital medical devices that help improve the daily lives of so many people around the world,” said Schwartz.

Prior to joining ACON Investments in 2014, Schwartz served as managing director of Avenue Capital, a global investment firm, from 2012 to 2014, and prior to that, he held various positions culminating in managing director of Fenway Partners. He also serves on the board of directors and chairs the audit committee of CION Investment Corporation, a business development company primarily provide senior secured lending facilities to middle-market companies.

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