Company names three new members to board of directors

SARASOTA — Global industrial technology firm Helios Technologies appointed Laura Brown, Cariappa (Cary) Chenanda and Gregory Yadley to its board of directors. 

The Sarasota-based company, which develops and manufactures solutions for the hydraulics and electronics markets, also announced the board postponed the company’s 2020 annual meeting of shareholders to Aug. 6. The meeting was postponed due to public health concerns regarding COVID-19, according to a statement. 

The company previously announced it had nominated Brown and Chenanda for election at its 2020 annual meeting, originally scheduled for June 5. Accordingly, this led to the appointment of Brown and Chenanda currently. Both will serve as members of the class of directors whose term will expire at the 2020 annual meeting. Yadley will serve as a member of the class of directors whose term will expire at the 2021 annual meeting of shareholders, the release states. 

The board appointed Brown to serve on the audit committee and compensation committee; Chenanda to serve on the compensation committee and the governance and nominating committee; and Yadley to serve on the governance and nominating committee.

“We are pleased to welcome Laura, Cary and Greg to the Helios team," says Philippe Lemaitre, Helios executive chairman of the board, in the statement. "Their varied skills and experience are complementary to those of the existing board members and we anticipate that their insights will prove invaluable as we navigate these historic times in the near term and drive toward our strategic goals in the long term.”

Yadley has practiced corporate and securities law for over 40 years. He has been a partner with Shumaker, Loop & Kendrick LLP since January 1993. Prior to entering private practice, he served as branch chief at the U.S. Securities and Exchange Commission and assistant general counsel for the Federal Home Loan Mortgage Corp., both in Washington, D.C., the release states. 

Helios Technologies, formerly Sun Hydraulics Corp., reported $508.05 million in revenue in 2018.