Sarasota manufacturer puts CEO on leave for alleged ethics violations

For the second time in just over four years, Sarasota-based hydraulic cartridge valve manufacturer Helios Technologies has replaced a CEO for allegations of a potential violation of the company’s code of business conduct and ethics. 

The latest news is in regard to Josef Matosevic, who had been named president and CEO of the company, one of the largest private employers in Sarasota, June 9, 2020. Matosevic, who had been an executive for other large industrial businesses in the area, including Welbilt in Pasco County, replaced Wolfgang Dangel, who had been let go, the company said in April 2020, for violations of company policy, including “poor judgment involving a consensual relation with an employee.”

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