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Helios Technologies Terminates Josef Matosevic As President and CEO, Announces Interim Appointments

PRIVATEJul 29, 2024•almost 2 years ago

Position

Chairman

Company

Helios Merger Sub

Philippe Lemaitre
machinery

Description

Helios Technologies has terminated Josef Matosevic as President, Chief Executive Officer, and Board member due to a violation of company policy. Sean Bagan has been appointed as Interim President and Chief Executive Officer, in addition to his role as Chief Financial Officer, while Philippe Lemaitre has been appointed as Executive Chairman, in addition to his role as Chairman. The company is now initiating a comprehensive search process to identify a permanent successor.

Company Information

Company

Helios Merger Sub

Location

7456 16th St E

About

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, health and wellness. Helios sells its products to customers in over 85 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.

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