Hurco Companies announces retirement of executive chairman Michael Doar

Hurco Companies (HURC) announced that Executive Chairman Michael Doar will retire from his employment with the company following Hurco’s 2026 Annual Meeting of Stockholders. Upon receipt of his retirement notice, the company’s Board of Directors requested that Doar continue service as a non-employee director of the company and formally nominated him to stand for re-election as a director at the 2026 Annual Meeting. If re-elected, Doar will serve as non-employee director and non-executive Chairman of the Board from that date. Doar joined Hurco as a Board member in 2000 and served as its CEO for twenty years before transitioning to the role as Executive Chairman. “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,” said Doar. “Our leadership team, led by our CEO, Greg Volovic, and CFO, Sonja McClelland, will continue to build on our strong foundation to support our customers with cutting-edge technologies. I am confident in the long-term strength of the business, and Hurco is well positioned to capitalize on opportunities ahead and create long-term value for our shareholders. I look forward to my new role as non-executive Chairman of the Board and am excited to play a part in Hurco’s next chapter.”