Sarcos Technology names Ben Wolff president and CEO

Sarcos Technology and Robotics Corporation announced that effective as of February 23, 2024, the company’s co-founder and former CEO, Ben Wolff, will resume the role of president and CEO as the Company pursues its next phase of innovation and growth, with a concerted focus on commercializing and deploying the robotic artificial intelligence and machine learning software platform that the Company began developing under Wolff’s leadership in 2019. Laura Peterson, who served as CEO of Sarcos for much of 2023, will assume the role of executive vice chairman and will continue to serve on the Company’s Board of Directors. “When Laura took on the CEO role last year, the Company was working on bringing eight different robotic hardware products to market and the Company’s AI platform was primarily being considered as a value add to the hardware. After a thorough analysis led by Laura, the Company has suspended the development of its hardware products, substantially extended its financial runway and narrowed its focus to leverage its unique AI platform to enhance the productivity of the large installed base of industrial robots around the world,” said Sarcos Chairman Dennis Weibling. “We can’t thank Laura enough for repositioning the Company for success.”