Helios Technologies Appoints Sean P. Bagan as President and CEO
Helios Technologies, a recognized global leader in providing highly engineered motion control and electronic controls technology, made a significant announcement today: the company’s Board of Directors has officially promoted Sean P. Bagan to the position of President and Chief Executive Officer (CEO), effective immediately.
Mr. Bagan’s promotion marks a new era in the company’s leadership, one that aims to capitalize on its deep history of innovation while positioning the company for continued growth and long-term success. Additionally, Mr. Bagan has been nominated to Helios Technologies’ Board of Directors, where he will be eligible for election at the company’s Annual Meeting in June 2025.
This promotion follows an exhaustive search conducted by the Board with the assistance of an external search firm. The search process involved a careful evaluation of both internal and external candidates to ensure the right leadership fit for Helios Technologies at a critical juncture in its business development. With his wealth of experience and commitment to the company’s values, Sean P. Bagan emerged as the unanimous choice to lead the organization into the future.
Since July 8, 2024, Mr. Bagan has been serving in an interim capacity as both President and CEO, alongside his role as Chief Financial Officer (CFO). His appointment as permanent President and CEO reflects the company’s confidence in his leadership during this transitional period and his ability to effectively guide Helios Technologies as it continues its trajectory of growth and innovation.
Despite stepping into the role of President and CEO, Mr. Bagan will continue to fulfill his duties as CFO until a successor for the CFO position is identified. Helios Technologies will initiate a search process to find a suitable candidate to backfill the CFO role left vacant by his promotion.
In addition to this leadership transition, Philippe Lemaitre, who has served as the Non-Executive Chairman of the Board, will resume his role following Mr. Bagan’s promotion. Mr. Lemaitre’s extensive experience and strategic guidance will continue to provide important support for Helios Technologies’ long-term vision.
Unanimous Support from the Board of Directors
The Board’s decision to promote Mr. Bagan was based on his successful leadership during the past six months, where he has skillfully navigated the company through important operational decisions, innovation initiatives, and internal organizational development. Philippe Lemaitre, Chairman of the Board, expressed his strong support for Mr. Bagan’s appointment, stating, “The Board is confident that Sean Bagan is the right individual to lead Helios Technologies into the future.
Over the past six months, Sean has demonstrated an exceptional ability to balance both his role as interim CEO and CFO. His leadership has been instrumental in navigating the complexities of our operations, all while ensuring the continued development and empowerment of our team. We firmly believe that his passion for the business, his strategic mindset, and his business acumen will serve Helios Technologies well as we look ahead to 2025 and beyond.”
Lemaitre continued, “Sean has brought a sense of stability, vision, and service leadership to the organization, and these qualities will be critical as we look to seize new opportunities in the coming years. His integrity, dedication, and commitment to innovation make him the ideal candidate to continue leading Helios Technologies through its next phase of growth. We are deeply optimistic about the future of the company under his leadership and are grateful for the dedication he and the leadership team have shown throughout this transition period.”
This move signals the Board’s unwavering confidence in Mr. Bagan’s leadership capabilities, as well as their vision for Helios Technologies as it enters a new chapter of its development. With a deep focus on innovation, growth, and operational excellence, the company aims to further its competitive advantage in the global marketplace.
A Vision for Continued Innovation and Growth
In his first remarks after the announcement of his appointment, Mr. Bagan expressed his gratitude for the opportunity to continue leading the company. “Helios Technologies is an exceptional organization with a talented, dedicated team that I am honored to lead,” said Mr. Bagan. “Our customer-centric focus is what sets us apart in the industry, and I am proud to be part of a company that is at the forefront of providing engineered solutions that drive value for our customers and stakeholders. Our commitment to delivering leading technology solutions is unwavering, and I am confident that with our talented global team, Helios will continue to thrive and grow as a leader in the motion control and electronic controls sectors.”
Mr. Bagan emphasized that Helios Technologies’ deep history of innovation has uniquely positioned the company to continue delivering compounded growth that drives shareholder value over time. He noted that Helios Technologies has a strong foundation upon which to build, and that the company’s relentless focus on technological advancement, operational efficiency, and customer satisfaction will serve as a key differentiator in the marketplace.
“I am deeply honored by the Board’s confidence in me, and I look forward to working with our incredible team to build upon the company’s legacy of innovation,” said Bagan.
Under his leadership, Mr. Bagan is committed to ensuring that Helios Technologies remains agile and adaptable in an ever-changing global landscape. He will continue to prioritize the development of high-performing teams, while also fostering a culture of innovation that positions the company to meet the evolving needs of customers across industries. “We are focused on driving growth, both organically and through strategic initiatives, and we will continue to prioritize operational excellence to ensure that we remain at the forefront of the industries we serve,” said Mr. Bagan.
Looking Ahead: A Bright Future for Helios Technologies
As Helios Technologies moves forward under Mr. Bagan’s leadership, the company is positioned for a bright and exciting future. With a clear focus on innovation, operational excellence, and customer-centricity, Helios Technologies is well-prepared to tackle new challenges, explore new markets, and deliver sustained growth in the years ahead.
The Board of Directors is confident that Helios Technologies will continue to lead the way in motion control and electronic controls technology, and that the company’s commitment to delivering world-class solutions will drive shareholder value creation over time. As the company sets its sights on the future, Mr. Bagan’s vision and leadership will be instrumental in navigating the dynamic business environment and achieving the company’s strategic goals.
Helios Technologies is poised to maintain its competitive advantage in a rapidly evolving industry, and with Sean P. Bagan at the helm, the company is well-positioned for long-term success. The company’s strong foundation, combined with its commitment to innovation and operational efficiency, provides a solid platform for continued growth and value creation.
In conclusion, the promotion of Sean P. Bagan to President and CEO marks a pivotal moment in the history of Helios Technologies. Under his leadership, the company will continue to build upon its legacy of innovation and growth, while expanding its presence in the global marketplace. With a strong focus on customer satisfaction, technological innovation, and operational excellence, Helios Technologies is poised for continued success in the years to come.
As the company enters this new phase of leadership, the Board, Mr. Bagan, and the entire team are committed to driving Helios Technologies to new heights, delivering exceptional value to customers, employees, and shareholders alike. The future of Helios Technologies is bright, and the company is ready to capitalize on the many opportunities that lie ahead.
