Sarasota manufacturer fires CEO for consensual employee relationship

A month after placing CEO Josef Matosevic on leave, Sarasota hydraulic cartridge valve manufacturer Helios Technologies has terminated him, saying he had “consensual personal relationship” with an employee. 

The publicly traded company, with $835.6 million in revenue in 2023, made the announcement in a statement after the markets closed Monday. The company’s board, the release states, “terminated Mr. Matosevic as President, CEO and board member without severance for cause” for violating “company policy and demonstrating behavior that was inconsistent with the company’s shared values and code of business conduct and ethics.”

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