Hanger Names Pete Stoy as CEO

Hanger Inc., a provider of orthotic and prosthetic patient care services and solutions, has promoted president and chief operating officer (COO) Pete Stoy to CEO, effective immediately. Stoy will also serve on the company’s board of directors.
 
Stoy’s appointment was announced in January as part of a multi-year succession plan following retirement of Vinit Asar, who was CEO for over a decade. Asar will serve as executive chairman of Hanger’s board.
 
“I am pleased to pass the torch to Pete Stoy,” Asar told the press. “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.”
 
Stoy joined Hanger as COO in November 2020 and has contributed to a number of growth initiatives, operational efficiencies, and business improvements.
 
“We have an incredible company with an important purpose that is focused on helping others, and it is truly the honor of a lifetime to lead this organization and great team,” shared Stoy. “Hanger is uniquely positioned to grow and thrive in today’s complex healthcare environment, and I look forward to continuing to build on our firm foundation, further strengthening Hanger as the leading O&P company in the world.”
 
Stoy has over 20 years of healthcare experience. Before Hanger, he was Healthcare Business Unit, East Region President for Sodexo. He served in senior leadership positions at McKesson, where he oversaw the multi-billion dollar Health System segment, and held leadership positions in both the Pharmaceutical and Medical Surgical business units during his 13-year tenure at Cardinal Health.