This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Hanger, Inc. Announces CFO George McHenry Retiring At End Of Year

Stocks in this article: HGR

AUSTIN, Texas, April 7, 2014 /PRNewswire/ -- Hanger, Inc. (NYSE: HGR) today announced that George McHenry, Executive Vice President, Secretary, and Chief Financial Officer (CFO), will retire from the Company effective December 31, 2014. The Company is initiating a search to identify a successor Chief Financial Officer to replace Mr. McHenry.  Mr. McHenry will remain active as the Company's CFO until a successor is selected and then will serve in an advisory role until his retirement.

"As a steward of the company's significant growth for over a decade, George's substantial contributions have helped us grow, increase shareholder value, and develop into the leading provider of orthotic and prosthetic solutions," Hanger President and Chief Executive Officer Vinit Asar said. "I want to thank George for his commitment to Hanger.  He is leaving behind a company that is financially strong and well-positioned as the partner of choice for products and services that enhance human physical capability."

Mr. McHenry led the successful financing of Hanger's significant growth during his 13-year tenure as CFO.  He joined Hanger in October 2001 when the Company's annual revenues were approximately $500 million and its market capitalization was approximately $100 million.  Mr. McHenry reset the financial posture of the Company following the July 1999 $455 million NovaCare acquisition, and over time, developed a significant following in the investor community.  His success with debt management and refinancing strengthened the Company's balance sheet and created significant value for shareholders over the years.  Mr. McHenry also led the financing of strategic acquisitions and co-led transformational initiatives impacting infrastructure and operations. The Company has since grown to over $1 billion in annual revenues with a market capitalization exceeding $1.2 billion

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs