Invacare CFO, Miklich, moves on after nine years
ELYRIA, Ohio — Thomas R. Miklich, 54, one of the core members of Invacare's executive team, resigned as the company's CFO April 11 to take up the same job at the OM Group, a manufacturer of metal-based specialty chemicals in Cleveland. OM's revenues in 2001 were about $2.4 billion, more than twice as large as Invacare's. Miklich has been Invacare's CFO and general counsel since May 1993. He was the CFO of the Sherwin-Williams Company from 1986 to 1991. He has been a member of OM's board since it went public in 1993. Invacare said it is now considering a short list of candidates as a replacement for Miklich.
Mobility vendors air 'best' TV commercials
ELYRIA, Ohio & Exeter, Pa. —Invacare and Pride Mobility Products are each rolling out a suite of new television commercials that both companies say are the finest series that either has produced. The Invacare commercials feature golf legend Arnold Palmer and were scheduled to begin airing April 15. Pride's commercials feature the Jazzy power chair and highlight the company's new Jazzy Provider National Marketing Partner Program.
Sammons Preston picks up S & N's Rolyan
BOLINGBROOK, Ill. — AbilityOne, the parent company of Sammons Preston, has acquired a majority stake in Smith & Nephew Rehabilitation, formerly known as Rolyan. Smith & Nephew will retain a 21.5% interest in the company. AbilityOne will ressurrect the Rolyan name to distribute the company's orthopedic hand therapy products. The Rolyan acquisition also brings a CPM manufacturing facility to AbilityOne.