Business
Helio Announces New CEO and Chairman of the Board
Helio Announces New CEO and Chairman of the Board.
About this update from Helio Corporation
[{"type":"text","content":"\r\n\r\n \r\n \r\n Helio Announces New CEO and Chairman of the Board\r\n \r\n \r\n\r\n\r\nHelio Announces New CEO and Chairman of the Board\r\n\r\n\r\n\r\n\r\n\r\nRestructuring of Management and the Board to set Company on a New Trajectory towards Enhancing Shareholder Value Berkeley, California, Jan. 05, 2026 (GLOBE NEWSWIRE) -- On January 5, 2026, the Helio Corporation (OTCID:HLEO), (“Helio” or the “Company”), today announced that its Board of Directors has appointed Edward Cabrera as the Chief Executive Officer and Chairman of the Board effective immediately, replacing Gregory T. Delory who will assume the new title of Chief Technology Officer. In addition, Stuart Bale will assume the position of Chief Science Officer and Paul Turin as Chief Engineer. The change heralds a new strategic direction for the firm that will be revealed in the next several weeks. Mr. Delory, Mr. Bale and Mr. Turin will continue serving on the Company’s Board of Directors. Since 2018, Helio has leveraged its deep experience to build a strong track record and a growing portfolio of intellectual property, serving as a trusted partner on projects ranging from small-scale initiatives to flagship space missions for NASA, private companies, universities, and global space agencies. Under this new leadership, the Company is refocusing its strategy to drive shareholder value. This strategic shift will involve decisive actions expected to strengthen Helio’s capital structure, reduce liabilities, and better position the Company for future financing initiatives. “This change in strategy and new management additions reflects the Board’s strong commitment to enhancing shareholder value and its confidence in the Company’s long-term growth potential,” said Edward Cabrera, CEO and Chairman. Edward Cabrera has extensive experience as Chief Executive Officer of several companies and as a financier on Wall Street. He has held senior positions for over 35 years with investment banks such as Merrill Lynch/Bank of America, PaineWebber/UBS and Raymond James & Associates. Edward has held positions including investment banker, equity analyst, market strategist and portfolio manager. Since 2003, he has focused on providing advisory services that include leading merger and acquisition transactions; r...