Hanger Orthopedic (HGR) CEO Kirk to Retire; COO Asar to Assume Role

May 21, 2012 4:16 PM EDT
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Hanger Orthopedic Group, Inc. (NYSE: HGR) announced that Chief Executive Officer Thomas F. Kirk, 66, informed the board of directors of his decision to retire as CEO after over 10 years of service with the company. In accordance with the succession plan developed by management and the board of directors, President and Chief Operating Officer Vinit K. Asar, 46, has been appointed to succeed Mr. Kirk as CEO and has joined the board of directors. To facilitate the transition, Mr. Kirk will assume the officer position of Vice Chairman until his retirement December 31, 2012. Mr. Kirk remains a member of the board of directors.

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