Healthcare >> CEO Interviews >> September 7, 1998

A. Malachi Mixon Iii – Invacare Corporation (ivcr)

A. MALACHI (MAL) MIXON, III is Chairman of the Board and Chief Executive Officer of Invacare Corporation (NASDAQ), the leading worldwide manufacturer and distributor of home health care products. 1998 sales will approximate $850 million. Mal led a leveraged buy-out of Invacare in 1979, when sales were $19 million. Mal serves on the boards of The Sherwin-Williams Company (NYSE), the Lamson & Sessions Company (NYSE), and NCS HealthCare, Inc. (NASDAQ). He also is a founding investor in MCM Capital Corporation, a Cleveland venture capital company; and RoundWood Capital, a Cleveland limited money management partnership. Additionally, Mal has been an active investor in many successful Cleveland-area ventures which became public companies including Royal Appliance Manufacturing Company (NYSE), STERIS Corporation (NASDAQ), and NCS HealthCare, Inc. (NASDAQ). In 1997, Mal was honored by the National Multiple Sclerosis Society with the Hope Award for distinguished civic and community service and the Students in Free Enterprise (SIFE) organization presented him with the America's Free Enterprise Legend Award. Mal was inducted as a charter member into the Cleveland Business Hall of Fame in 1996. The Paralyzed Veterans of America honored him with the 1996 Corporate Patriot Award in recognition of his significant commitment to the PVA and to all those who have sacrificed in defense of our country. The National Society of Fund Raising Executives Greater Cleveland Chapter honored Mal in 1995 as Outstanding Philanthropist. In 1992, he was awarded the Inc. Magazine Master Entrepreneur of the Year Award for Northeast Ohio and the International Business Executive of the Year Award by The Cleveland World Trade Association. The Harvard Business School Club of Cleveland honored Mal with the Dively Entrepreneurship Award in 1984. A graduate of Leadership Cleveland (1986), Mal's current civic activities include serving as Chairman of the Board of Trustees of The Cleveland Clinic Foundation and the Cleveland Institute of Music. He also serves on the boards of Case Western Reserve University and Cleveland Tomorrow. In 1992, Mal established a chair in entrepreneurial studies at the Weatherhead School of Management at Case Western Reserve University in Cleveland, Ohio. Mal is originally from Oklahoma and is proud of his Cherokee Indian descent. He is a graduate of Harvard College (BA) and Harvard Business School (MBA). Between degrees, Mal served four years in the U.S. Marine Corps, including a year in Vietnam, attaining the rank of Captain. Mal and his wife, Barbara, have two adult children, Elizabeth and Ki, and live in Chagrin Falls, Ohio. He enjoys hunting, playing the piano, golf and jogging. Profile
TWST: Give us a brief description of Invacare?

Mr. Mixon: Invacare is the world's leading manufacturer and distributor

of medical products used in the home environment. In addition, we