Helios Technologies announced on November 17, 2025 that Jeremy Evans will serve as Chief Financial Officer, effective immediately. Evans, who joined the company on January 24, 2024, previously held the position of Executive Vice President and Chief Accounting Officer, a role he assumed on September 1, 2025.
The promotion follows the separation of former CFO Michael Connaway, who joined Helios on October 13, 2025, and was separated on November 16, 2025. Connaway’s departure was not linked to any accounting or control issues, and the company stated that it was a routine personnel change.
Helios Technologies specializes in engineered motion‑control and electronic‑control solutions for construction, material handling, agriculture, energy, and marine markets. In the third quarter of 2025 the company reported revenue of $220.3 million, up 13% year‑over‑year, and an adjusted earnings per share of $0.72, beating consensus estimates of $0.66. The results reflected a 13% rise in revenue driven by strong demand in both the Hydraulics and Electronics segments, while gross margins expanded as higher‑margin product mix and operational efficiencies offset modest cost pressures.
Management highlighted the significance of the CFO transition. President and CEO Sean Bagan said, “Jeremy has been on our team just shy of two years and has consistently demonstrated the kind of proven leadership, cross‑functional collaboration, and deep relationship‑building that moves our organization forward.” Evans added that Helios “returned to year‑over‑year growth in the third quarter,” underscoring the company’s momentum as it continues to reduce leverage and strengthen cash flow.
The appointment signals continuity in financial leadership while reinforcing Helios’s focus on disciplined capital allocation and operational efficiency. Evans’s 25‑year background in accounting transformation, including a 15‑year tenure at Tech Data (now TD SYNNYX), positions him to support the company’s strategy of strengthening cash flow, reducing debt, and funding future growth initiatives. The move comes as Helios has already lowered total debt in consecutive quarters and is pursuing portfolio optimization and resource allocation to extract additional value from recent investments.
Overall, the CFO change is expected to provide stability to Helios’s financial operations as it executes on its expansion and margin‑enhancement plans, while the company’s recent return to revenue growth and margin improvement suggest a positive trajectory for the business.
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