Helios Technologies Promotes Jeremy Evans to Chief Financial Officer
MWN-AI** Summary
Helios Technologies, Inc. (NYSE: HLIO) has announced the promotion of Jeremy Evans to the position of Executive Vice President and Chief Financial Officer (CFO), effective immediately. This change comes after the separation of Michael Connaway from the company, although his departure was not related to any disagreements regarding financial practices or operations.
Evans, who joined Helios in January 2024, has shown significant leadership during his tenure, particularly in strategic planning and financial oversight. He has improved financial reporting processes and maintained a strong internal control environment. Prior to his role at Helios, he held a Vice President position at Tech Data (now TD SYNNEX Corporation) and boasts over 25 years of financial management experience.
Sean Bagan, President and CEO of Helios, emphasized the importance of having the right leadership in place for successful strategy execution. He noted Evans’ robust capabilities in cross-functional collaboration and relationship management which are essential for the company's growth during this pivotal moment—especially as Helios returns to year-over-year growth in the third quarter of 2023.
Evans expressed his gratitude for the opportunity, stating his enthusiasm in continuing to drive the company’s go-to-market strategies and operational efficiencies while maximizing returns for shareholders. Helios Technologies, recognized for its innovative motion control and electronic control solutions across various industries, has maintained a commitment to nurturing growth through product development and strategic acquisitions while rewarding shareholders with quarterly dividends since 1997.
For more information, Helios invites interested parties to explore their official website and follow their updates on LinkedIn.
MWN-AI** Analysis
The recent promotion of Jeremy Evans to Chief Financial Officer (CFO) at Helios Technologies, Inc. (NYSE: HLIO) marks a pivotal moment in the company's leadership and strategic direction. With Evans already familiar with company operations after nearly two years, his appointment signals continuity and an emphasis on strategic growth amid a backdrop of improving financial performance. Notably, Helios reported year-over-year growth in Q3 2023, which underlines the effectiveness of its operational and financial initiatives.
Investors should view Evans’ appointment positively. His extensive background in operational and financial management—most recently at Tech Data—coupled with his successful track record at Helios, positions him well to steer financial strategies that align with the company’s growth objectives. His previous achievements, like driving process improvements and maintaining robust financial controls, are essential as Helios seeks to optimize its portfolio and maximize returns on investment.
Moreover, Helios has a well-established reputation as a dividend-paying company since going public in 1997, indicating a commitment to shareholder returns. Evans’ focus on strengthening working capital discipline and operational efficiencies could further enhance the company’s ability to sustain dividends and overall financial health.
As Helios navigates its next growth phase, investors should monitor key performance indicators and Evans’ ability to implement strategic initiatives effectively. This transition period will be critical; therefore, regular updates from management on financial health and operational milestones will be crucial indicators of the company’s direction. Overall, Helios appears to be on a constructive trajectory, and with Evans at the financial helm, it may prove to be an appealing investment opportunity for those seeking engagement in niche markets with strong growth potential.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
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 Jeremy Evans has been named the Company’s Executive Vice President and Chief Financial Officer effective immediately. Mr. Evans succeeds Michael Connaway who has been separated from the Company, previously joining Helios on October 13, 2025. Mr. Connaway’s departure is not related to any disagreement with the Company on any matter relating to its accounting practices, financial statements, internal controls or operations.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251117282049/en/
Jeremy Evans has been named the Company’s Executive Vice President and Chief Financial Officer effective immediately.
“Having the right person in every role is critical for us to successfully execute our strategy,” said Sean Bagan, President and Chief Executive Officer of Helios. “Jeremy has been on our team just shy of two years now and has consistently demonstrated the kind of proven leadership, cross-functional collaboration, and deep relationship-building that moves our organization forward. He has been a key contributor to our strategic planning process, while also providing steady interim leadership across critical financial functions—ensuring continuity, discipline, and strong alignment with our long-term value-creation goals.”
Mr. Evans joined the Company on January 24, 2024, and since that time has driven process improvement, streamlined financial reporting, and navigated complex accounting topics, all while maintaining timely and accurate financial records and a robust internal control environment. He was promoted to Chief Accounting Officer September 1, 2025. Prior to joining Helios, Mr. Evans accumulated 25 years of progressive operational and financial management leadership experience with Tech Data, now TD SYNNEX Corporation (NYSE: SNX) serving as Vice President, Accounting Transformation immediately prior to joining Helios. He earned his Bachelor of Arts degree with a double major in Math and Spanish from Eckerd College, received a Master of Business Administration from the University of Sarasota, and received a Certified Public Accountant (CPA) license from the state of Florida.
"I’m truly honored to step into the role of Chief Financial Officer for Helios. I’m grateful for the trust placed in me and excited to continue serving our teams as we execute our strategy and build on the strong foundation we’ve created together. Helios is at an exciting inflection point, returning to year-over-year growth in the third quarter of this year. We have been working hard to build out our go-to-market strategy, improve our operational efficiencies, strengthen our working capital discipline, optimize our portfolio and carefully allocate our resources to maximize our return on investments. I look forward to continuing to collaborate with the Helios leadership team to drive our efforts across these and many other areas to create increasing shareholder returns over time,” commented Mr. Evans.
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
Statements in this press release may constitute ”forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including those statements in the various quotations. Although the Company believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, actual results may differ materially from the Company’s expectations. Factors that could cause actual results to differ from expectations include the ability to successfully implement its strategy, including the Company’s profit recovery and growth plan; successfully transition its leadership; and those other factors described in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 28, 2024, and subsequent filings with the Securities and Exchange Commission. The Company assumes no responsibility to update forward-looking statements made herein or otherwise, and such statements are made on the basis of views and assumptions regarding future events as of the time such statements are made.
View source version on businesswire.com: https://www.businesswire.com/news/home/20251117282049/en/
Investor and Media contact:
Tania Almond
Vice President, Investor Relations and Corporate Communication
(941) 362-1333; tania.almond@HLIO.com
Deborah Pawlowski
Alliance Advisors IR
(716) 843-3908; dpawlowski@allianceadvisors.com
FAQ**
How does Helios Technologies Inc. HLIO plan to leverage Jeremy Evans' leadership experience to enhance its financial strategies and operational efficiencies moving forward?
Given the recent leadership change at Helios Technologies Inc. HLIO, what are the key focuses for the company in the short term to maintain growth momentum and shareholder value?
What specific initiatives are being implemented by Helios Technologies Inc. HLIO to optimize its portfolio and resource allocation under the new CFO Jeremy Evans?
Can Helios Technologies Inc. HLIO provide insights into its long-term growth strategy and how it intends to sustain its position as a leader in niche markets following recent developments?
**MWN-AI FAQ is based on asking OpenAI questions about Synnex Corporation (NYSE: SNX).
NASDAQ: SNX
SNX Trading
-0.15% G/L:
$153.20 Last:
101,850 Volume:
$154.54 Open:
