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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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
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