Helios Technologies, Inc. announced its Board of Directors has appointed Sean Bagan to serve as Interim President and Chief Executive Officer in addition to his role as Chief Financial Officer, effective immediately. These appointments follow the decision by the Board to place Josef Matosevic, the Company?s President, Chief Executive Officer and Director, immediately on a paid leave effective July 1, 2024, as a result of allegations of a potential violation of the Company?s Code of Business Conduct and Ethics. Mr. Matosevic?s leave is pending completion of an ongoing investigation being conducted by the Board with the assistance of outside legal counsel.

Helios will make further announcements regarding this matter when the Board approves any course of action for which further disclosure is appropriate. The alleged conduct that prompted this review does not relate to, and does not impact, the Company?s strategy or financial reporting. Sean Bagan has served as Chief Financial Officer of Helios since 2023.

He joined the Company after spending 23 years at Polaris Inc. With extensive financial management leadership experience, Mr. 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. Mr. 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.