Helios Technologies, Inc. (NYSE: HLIO) (“Helios” or the
“Company”), a global leader in highly engineered motion control and
electronic controls technology for diverse end markets, announced
today that Tricia L. Fulton, Executive Vice President and Chief
Financial Officer, has decided to retire from Helios after serving
over 26 years with the Company and the last 17 years as CFO.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230718395092/en/
Helios Technologies | Sean P. Bagan
(Photo: Business Wire)
“On behalf of the Board and entire Company, I want to
congratulate Tricia on her retirement and express our sincere
gratitude for her significant contributions to our success,” said
President and Chief Executive Officer Josef Matosevic. “Before I
joined Helios, Tricia navigated the Company back from a challenging
time in 2020. Her knowledge and expertise of our businesses
combined with her steadfast leadership and contributions have been
invaluable to Helios. We wish her all the best in her next chapter
of life.”
Following Helios’ earnings call on August 8th, Sean P. Bagan,
Vice President, Finance – Business Unit CFO for International &
Shared Services at Polaris (NYSE: PII), will succeed Fulton as CFO
and become a member of Helios’ executive leadership team on August
9th.
Bagan joins Helios after spending 23 years at Polaris Inc., a
global leader in powersports and off-road innovation. With
extensive financial management leadership experience, Bagan brings
more than 20 years of international business, strategic financial
operations, and leadership experience. His responsibilities scaled
with Polaris over the decades in operational finance, international
sales, product segments, acquisitions and corporate finance and
treasury. In addition to financial management positions, his roles
included general management and operational oversight for U.S. and
global businesses. He earned his B.A. double major in Accounting
and Management from St. John’s University in Minnesota and began
his career with Arthur Andersen, LLP. Bagan also holds a General
Management Certificate from Cambridge University's Judge Business
School in England, along with a Certified Public Accountant
(Inactive) Certificate from the state of Minnesota.
“We are looking forward to having Sean join us,” said Matosevic.
“He has a proven track record of building, growing, and
transforming businesses, both in the U.S. and internationally, into
highly productive and profitable operations. These are exciting
times at Helios, and we expect Sean’s experience to bring further
depth and dimension to our team as we execute on our strategy to
drive accelerated growth while delivering best in class
margins.”
To ensure a smooth and effective transition, Fulton will
continue at Helios in an advisory position for a period of one
year.
“As I bid farewell after an incredible journey with, first, Sun
Hydraulics and now Helios, I am overwhelmed with a sense of deep
gratitude for each member of Helios past and present. I have no
doubt the collective efforts of the Helios team will continue to
propel the success of the company far into the future,” Ms. Fulton
added.
About Helios Technologies
Helios Technologies is a global leader in highly engineered
motion control and electronic controls technology for diverse end
markets, including construction, material handling, agriculture,
energy, recreational vehicles, marine and health and wellness.
Helios sells its products to customers in over 90 countries around
the world. Its strategy for growth is to be the leading provider in
niche markets, with premier products and solutions through
innovative product development and acquisition. The Company has
paid a cash dividend to its shareholders every quarter since
becoming a public company in 1997. For more information please
visit: www.heliostechnologies.com and follow us on LinkedIn.
Forward Looking Information
This news release contains “forward‐looking statements” within
the meaning of Section 21E of the Securities Exchange Act of 1934.
Forward‐looking statements involve risks and uncertainties, and
actual results may differ materially from those expressed or
implied by such statements. They include statements regarding
current expectations, estimates, forecasts, projections, our
beliefs, and assumptions made by Helios Technologies, Inc.
(“Helios” or the “Company”), its directors or its officers about
the Company and the industry in which it operates, and assumptions
made by management, and include among other items, the expected
benefits of the CFO transition and the Company’s ongoing strategies
regarding growth. In addition, we may make other written or oral
statements, which constitute forward-looking statements, from time
to time. Words such as “may,” “expects,” “projects,” “anticipates,”
“intends,” “plans,” “believes,” “seeks,” “estimates,” variations of
such words, and similar expressions are intended to identify such
forward-looking statements. Similarly, statements that describe our
future plans, objectives or goals also are forward-looking
statements. These statements are not guaranteeing future
performance and are subject to a number of risks and uncertainties.
Our actual results may differ materially from what is expressed or
forecasted in such forward-looking statements, and undue reliance
should not be placed on such statements. All forward-looking
statements are made as of the date hereof, and we undertake no
obligation to update any forward-looking statements, whether as a
result of new information, future events or otherwise.
Factors that could cause the actual results to differ materially
from what is expressed or forecasted in such forward‐looking
statements include, but are not limited to, (i) supply chain
disruption and the potential inability to procure goods; (ii)
conditions in the capital markets, including the interest rate
environment and the availability of capital; (iii) inflation
(including hyperinflation) or recession; (iv) changes in the
competitive marketplace that could affect the Company’s revenue
and/or cost bases, such as increased competition, lack of qualified
engineering, marketing, management or other personnel, and
increased labor and raw materials costs; (v) risks related to
health epidemics, pandemics and similar outbreaks and similar
outbreaks, including, without limitation, the current COVID-19
pandemic, which may among other things, adversely affect our supply
chain, material costs, and work force and may have material adverse
effects on our business, financial position, results of operations
and/or cash flows; (vi) risks related to our international
operations, including the potential impact of the ongoing conflict
between Russia and Ukraine; and (viii) new product introductions,
product sales mix and the geographic mix of sales nationally and
internationally. Further information relating to factors that could
cause actual results to differ from those anticipated is included
but not limited to information under the heading Item 1. “Business”
and Item 1A. “Risk Factors” in the Company’s Form 10-K for the year
ended December 31, 2022 filed with the Securities and Exchange
Commission on February 28, 2023.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230718395092/en/
Investor and Media:
Tania Almond Vice President, Investor Relations and Corporate
Communication (941) 362-1333; tania.almond@HLIO.com
Deborah Pawlowski Kei Advisors LLC (716) 843-3908;
dpawlowski@keiadvisors.com
Helios Technologies (NYSE:HLIO)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Helios Technologies (NYSE:HLIO)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024