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 CEO as the Company pursues its next phase of innovation and growth, with a concerted focus on commercializing and deploying the robotic artificial intelligence (AI) and machine learning (ML) 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. Wolff co-founded Sarcos in 2015 and served as its CEO until 2021 and has served on the Company?s Board of Directors since 2015, including as Executive Chairman from December 2021 to January 2023.

In addition to his role at Sarcos, Wolff serves as a member of the Board of Directors for the satellite communications company, Globalstar Inc. Before co-founding Sarcos, Wolff led the restructuring and turnaround of a publicly traded satellite communications company, co-founded and led Clearwire Corporation, which was sold to Sprint for more than $14 billion, and served as President of Eagle River Investments, an investment fund focused on telecom and technology investments.