Hanger Inc. is initiating a search to find a new chief financial officer following the announcement that current CFO and executive vice president George McHenry will retire from the company effective Dec. 31. <br /><br />McHenry plans to remain as CFO and serve in an advisory role until his retirement date. Details on a timeline for selecting his successor were not available.<br /><br />During McHenry’s 13 years at Hanger (NYSE: HGR), which is one of the leading medical device companies in Austin, the company grew from $500 million in annual revenue and $100 million in market capitalization to more than $1 billion in annual revenue and market capitalization of more than $1.2 billion.<br /><br />Last month Hanger missed the deadline to file its annual 10-K financial report with the U.S. Securities and Exchange Commission. The company’s stock was down 19 cents Monday and closed at $34.18 per share. Over the last 12 months Hanger stock has climbed to $40.71 and traded as low as $28.38 per share.