Helios Technologies Appoints Two Executives to C-suite Positions

Sarasota-based Helios Technologies is enhancing its leadership team by appointing a new CFO and chief accounting officer. The publicly traded firm (NYSE: HLIO) specializes in advanced motion control and electronic controls technology.

Michael Connaway will step into the CFO role in October, transitioning from his current position as CFO at Aviat Networks (NASDAQ: AVNW). Connaway has previously held significant roles at major corporations, including General Electric and Honeywell, where he was the CFO of Honeywell’s $7 billion energy and sustainability solutions segment.

“Michael brings more than two decades of financial and operational expertise, including public company CFO experience, which will be instrumental as we execute our long-term strategy,” says Helios CEO and CFO Sean Bagan in a statement. Bagan has served as the company’s CFO since 2023; once Connaway joins in October, he will pass this title on.

Connaway expressed his ambitions: “My goal is to draw from my past experiences at leading industrial technology companies to enhance Helios’ strong market positions, resulting in profitable sales growth through disciplined cost management and consistently adding value for our shareholders.”

In addition to welcoming Connaway, Helios is appointing a chief accounting officer.

Effective September 1, Corporate Controller Jeremy Evans will be promoted to this vital role.

“Since joining Helios, I’ve seen firsthand the capabilities that our teams have to develop innovative products and create solutions for our customers,” Evans states. “Those capabilities, along with solid financial discipline, have positioned us well to drive profitable growth over the long-term.”

Before his tenure at Helios starting in 2024, Evans amassed 25 years of experience in financial management leadership at Clearwater-based Tech Data, now TD SYNNEX Corporation (NYSE: SNX).

In 2024, Helios achieved total net sales of $805.9 million.

Key Information

• Company: Helios Technologies
• Stock Exchange: NYSE: HLIO
• New CFO: Michael Connaway, starting in October
• Previous CFO Role: Aviat Networks
• Experience: Over two decades, including roles at General Electric and Honeywell
• New Chief Accounting Officer: Jeremy Evans, effective September 1
• Sales Achievement: $805.9 million in total net sales for 2024