Hurco's longtime CFO resigns

March 3, 2014

John G. Oblazney, chief financial officer at Hurco Cos. Inc. since 2006, has left the Indianapolis-based company to “pursue other interests,” Hurco announced Monday.

Oblazney, 44, who also was vice president, secretary and treasurer, resigned from the position effective Feb. 28, Hurco said.

The company will pay Oblazney a one-time payment $350,000 as part of a separation-and-release agreement, Hurco said in regulatory papers issued Monday.

Sonja K. McClelland, 42, Hurco’s corporate controller and principal accounting officer, will handle Oblazney’s duties on an interim basis. She has been with the company since 1996.

"I want to thank John for his many years of dedicated service,” Hurco CEO Michael Doar said in a prepared statement. “His operational experience, combined with his energy and leadership skills, have benefited the company over the last seven-and a-half years. He was instrumental in assisting our management team in developing our international markets."

Oblazne made about $438,500 in compensation at Hurco in 2013.

Before Hurco, he was CFO of Carrier Corp.’s Light Commercial division and a CPA with the accounting firm formerly known as Coopers & Lybrand.

Hurco is an industrial technology company that designs and produces interactive computer controls, software and computerized machine tools.

Share in Hurco rose 24 cents, or nearly 1 percent, Monday, to $25.25 each shortly before closing.


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