Hurco announced the retirement of Executive Chairman Michael Doar following the 2026 Annual Meeting of Stockholders.
Mr. Doar will continue as a non-employee director and non-executive Chairman of the Board after the 2026 Annual Meeting.
The Board expressed confidence in the leadership team to continue Hurco's growth and legacy.
Executive Chair Transition
Michael Doar to retire as Executive Chairman post-2026 Annual Meeting, to remain as non-executive Chairman.
Legacy of Leadership
Mr. Doar's significant contributions to Hurco's growth and success over his tenure highlighted.
Continuity and Confidence
Board's expression of trust in the current leadership team to sustain Hurco's progress and values.
- Michael Doar's retirement marks a significant shift in Hurco's leadership structure after his long-standing tenure.
- The Board's nomination of Mr. Doar as a non-executive director emphasizes the continuity in governance post-retirement.
- Hurco's strategic positioning to leverage technological advancements and customer-centric approach under new leadership highlighted.
The transition of Executive Chairman marks a pivotal moment in Hurco's history, signaling continuity and confidence in the management team's ability to steer the company forward.