Indianapolis, Indiana, November 18, 2025 – Hurco Companies, Inc. (Nasdaq: HURC) announced that Executive Chairman Michael Doar will retire from employment following the 2026 Annual Meeting of Stockholders. The Board has requested he continue as a non-employee director and non-executive Chairman if re-elected.
Michael Doar joined Hurco's Board in 2000, served as CEO for twenty years, and has overseen significant company growth and industry leadership. Greg Volovic continues as President and Chief Executive Officer, with Sonja McClelland as Executive Vice President, Treasurer, and Chief Financial Officer.
I am very proud of the success we have achieved at Hurco during my tenure and the role we have played in supporting advanced manufacturing around the world.
— Michael Doar, Executive Chairman
With his career in machine tools spanning nearly 40 years, few have played such an instrumental role in the inception, development, and growth of the global machine tool industry.
— Greg Volovic, President and CEO
As a visionary leader in the industry, Michael's dedication to the highest business ethics and deep understanding of customer needs will leave a lasting mark on Hurco.
— Richard Porter, Lead Independent Director
Mr. Doar's career in machine tools spans nearly 40 years. He joined Hurco as a Board member in 2000 and served as Chief Executive Officer for twenty years before transitioning to the role of Executive Chairman. His leadership has been instrumental in driving innovation and growth throughout the global machine tool industry.
Sonja K. McClelland
Executive Vice President, Treasurer, & Chief Financial Officer
Phone: 317-293-5309
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Hurco machines have transformed our manufacturing process.
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