Helios Technologies Announces Retirement Of Chief Financial Officer Tricia L. Fulton And Names Sean P. Bagan As Successor
Portfolio Pulse from Happy Mohamed
Helios Technologies, Inc. (NYSE:HLIO) announced the retirement of its CFO, Tricia L. Fulton, who served the company for over 26 years. Sean P. Bagan, currently serving as Vice President, Finance – Business Unit CFO for International & Shared Services at Polaris (NYSE:PII), will succeed Fulton as CFO of Helios on August 9th. Fulton will continue at Helios in an advisory position for a year to ensure a smooth transition.
July 18, 2023 | 1:02 pm
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NEGATIVE IMPACT
Sean P. Bagan, currently serving as Vice President, Finance – Business Unit CFO for International & Shared Services at Polaris, is leaving to become the CFO of Helios Technologies.
The departure of a key executive like Sean P. Bagan could potentially have a negative short-term impact on Polaris' stock as it may cause uncertainty among investors.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 75
NEUTRAL IMPACT
Helios Technologies' CFO Tricia L. Fulton is retiring and will be succeeded by Sean P. Bagan from Polaris. Fulton will remain in an advisory role for a year.
The retirement of a CFO can cause uncertainty, but the appointment of a successor with extensive experience and the fact that the outgoing CFO will remain in an advisory role for a year should mitigate any potential negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100