INDIANAPOLIS, April 14, 2010 (GLOBE NEWSWIRE) -- Hurco Companies, Inc., (Nasdaq:HURC) announced that Gerhard Kohlbacher has been elected to the Board of Directors and John P. Donlon has been named Executive Vice President of Worldwide Sales and Service, according to a Hurco spokesperson.
Kohlbacher advanced to President of Hurco GmbH in Munich, Germany, during his 28 year career. Under his leadership, Hurco GmbH developed markets in former eastern bloc countries and consistently maintained profitability throughout his organization.
Donlon has 30 years of experience in executive leadership positions for multi-national corporations involved in process, automation, and control technologies. Most recently, Donlon was Vice President of U.S. Sales for Motoman Inc., a subsidiary of Yaskawa. He has extensive international experience and a track record of increasing international sales by restructuring strategic organizations and developing collaborative partnerships in key markets. Donlon has held executive positions at Image Guide, Inc., Alstom S.A., Honeywell, and ABB (Asea Brown Boveri).
Michael Doar, President and CEO of Hurco, said, "One of our goals has been to increase our presence in Asian markets, and John's track record of increasing sales in that region and other international markets will be a vital element for us to achieve that goal. His global perspective and extensive experience in sales and marketing of industrial equipment will be extremely beneficial to Hurco."
Hurco Companies, Inc. is an industrial technology company that designs and produces interactive computer controls, software and computerized machine tools for the worldwide metal cutting and metal forming industry. The end market for the Company's products consists primarily of independent job shops and short-run manufacturing operations within large corporations in industries such as aerospace, defense, medical equipment, energy, transportation and computer equipment. The Company is based in Indianapolis, Indiana, with manufacturing operations in Taiwan and China, and sells its products through direct and indirect sales forces throughout North America, Europe, and Asia. The company has sales, application engineering support and service subsidiaries in Canada, China, England, France, Germany, India, Italy, Poland, Singapore, South Africa, Spain, and the United States of America. Web Site: www.hurco.com
This news release contains forward looking statements which involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors include, among others, the impact of the current global economic recession, including disruption in credit markets, other changes in general economic and business conditions that affect demand for computerized machine systems, computer numerical control systems and software products, changes in manufacturing markets, innovations by competitors, our ability to protect our intellectual property, fluctuations in exchange rates, fluctuations in prices of raw materials, changes in market demands, quality and delivery performance by our contract manufacturers and governmental actions and initiatives including import and export restrictions and tariffs.