Hanger, Austin, Texas, announced that George McHenry, executive vice president, secretary, and chief financial officer (CFO), will retire on December 31, 2014. The company said it is initiating a search to identify a successor. McHenry will remain active as CFO until a successor is selected and then will serve in an advisory role until his retirement. McHenry led the financing of strategic acquisitions and co-led transformational initiatives impacting infrastructure and operations during his 13-year tenure as CFO.
“As a steward of the company’s significant growth for over a decade, George’s substantial contributions have helped us grow…,” said Vinit Asar, Hanger’s president and CEO. “I want to thank George for his commitment to Hanger.”
According to a company press release, when McHenry joined Hanger, the company’s annual revenues were about $500 million and its market capitalization was approximately $100 million; annual revenues now exceed $1 billion and market capitalization exceeds $1.2 billion.