Management Shake-Up At Helio, But Sky Dayton To Stick Around

Helio said this afternoon that it is eliminating some executives as their roles and responsibilities are consolidated into other departments. The departures are part of a larger realignment of functions that a spokesman considered a “traditional exercise as we grow.”

Helio PR would not confirm the report in ValleyWag that CFO Todd Tappin and VPs Michael Zemetra, Terry Boyle and Kieran Hannon were leaving the company — however, we have it on good authority that the report is correct. “We internally announced a realignment of some of the internal departments to drive efficiencies by combining functions inside others,” spokesman Rick Heineman said. “There will be some executives that are leaving Helio, but we aren’t getting into the details on who they are.”

As for the detail about former CEO and current Chairman Sky Dayton being close to leaving the company, Helio said that is not true. “Sky absolutely will continue to be a part of Helio. He retains his office here and is engaged daily. His role now as chairman keeps him engaged at an accelerated level. He