Appreciate the comments. Its actually funny you mention that, as we were initially titling this role "CTO" which resulted in potential candidates who were just too hands-off by that point in their career. I've restructured the role and search to VP of Engineering just because there will be plenty of coding and hands-on work in the beginning which should ease up as the company hires more engineers.
I'm thinking reworking my ideal profile to 8-12 year candidates that are Directors, Leads, or Architects who are still very hands-on. The tough part of the search is the intangibles, like finding someone who still has the motivation and passion of someone in their early/mid 20's.