Hanger announced that Pete Stoy, formerly the company’s president and COO, assumed the role of CEO as part of a previously announced multi-year succession plan. He will also serve on Hanger’s board of directors. Stoy’s appointment follows the retirement of Vinit Asar who held the CEO position for more than a decade. Asar will serve as executive chairman of the board.
“I am pleased to pass the torch to Pete Stoy,” said Asar. “Having led large-scale teams across commercial, operational, supply chain, and finance functions, Pete brings a balanced skillset and perspective, and is well-positioned to lead Hanger in its achievement of long-term growth.”
