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Hanger Orthopedic Group, Inc. Announces Senior Leadership Succession Plan and Reaffirms Guidance
Date:1/31/2008

Thomas F. Kirk to Succeed Ivan R. Sabel as Chief Executive Officer

Effective March 1, 2008

Sabel to Remain as Chairman of the Board

BETHESDA, Md., Jan. 31 /PRNewswire-FirstCall/ -- Hanger Orthopedic Group, Inc. (NYSE: HGR) today announced, at its annual Education Fair, that its Board of Directors has unanimously approved the recommendation of Chairman and Chief Executive Officer Ivan R. Sabel for a change in the Company's leadership. As of March 1, 2008, President and Chief Operating Officer Thomas Kirk will succeed Sabel and will become President and Chief Executive Officer. Sabel will remain Chairman of the Board. Additionally, due to the close proximity of this announcement to Hanger's fourth quarter earnings release, the Company reaffirms its previously announced expectation that for the year ended December 31, 2007, earnings should be at the high end of the estimated $0.59 to $0.61 per share range.

Sabel was appointed Chairman and Chief Executive Officer of Hanger in August 1995. At the time, the Company had $52.5 million in net sales and 93 locations. Today, Hanger generates in excess of $600 million in annual net sales and has a national presence with 629 locations in 45 states and the District of Columbia. "Van has led Hanger through a period of dramatic change for the industry and his leadership has enabled Hanger to grow and become the world's premier provider of orthotic and prosthetic services," said Thomas P. Cooper, Lead Independent Director of the Board. "In addition, Van's dedication and vision through the last 13 years has provided new and exciting growth opportunities for the future while reinforcing the quality of care for our patients and enhancing the relat
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SOURCE Hanger Orthopedic Group, Inc.
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