Central Mass. South

The chief technology officer of Marlborough-based IPG Photonics Corp. is heading to retirement, as the company’s new CEO looks to overcome falling stock prices and global demand issues.

Three Worcester County nonprofits have been awarded a combined $1.49 million in capital funding to refurbish their early education and out-of-school time program facilities predominantly serving low-income families. 

Marlborough-based IPG Photonics Corp., a global laser manufacturing company founded in a Moscow basement laboratory in 1990, has sold its remaining assets in Russia, citing the impact of ongoing sanctions related to the country’s invasion of Ukraine.

The Massachusetts Department of Environmental Protection has fined three individuals and businesses with ties to Central Massachusetts, with the fines totaling $168,413. 

Grafton-based Homefield Credit Union has named returning employee Sarah Miller as the financial institution’s new senior vice president and chief lending officer.

Each year, these small 40 Under Forty groupings are challenged to top each other to take the best photos, and every year people rise to the occasion.

The nearly 1,000 winners of the 40 Under Forty awards from the last 25 years have gone onto great things, and we catch up with 25 alumni for the 25th anniversary.

This year’s winners were chosen from 398 nominations submitted for 221 professionals in 2023 and 2024.

This special edition is a celebration of everything the 40 Under Forty has meant to the Central Massachusetts business community over the last 25 years, with a heavy focus on the incoming Class of 2024.

Twenty-three Central Massachusetts businesses made the 2024 Inc. 5000, an annual list of the nation’s 5000 fastest-growing companies compiled by Inc. magazine.