Helios Technologies CEO Dismissed for Policy Breach

Helios Technologies (HLIO) just unveiled an announcement.

Helios Technologies’ Board of Directors has dismissed Josef Matosevic as President, CEO, and board member without severance due to a policy breach involving a consensual relationship with an employee, which did not impact the company’s financial integrity. Sean Bagan and Philippe Lemaitre will temporarily lead while a search for a permanent successor, considering both internal and external candidates, is conducted.

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