Sarcos Technology and Robotics Corporation announced that the Company?s interim President and Chief Executive Officer, Laura Peterson, has been appointed to serve as the Company?s permanent President and Chief Executive Officer. The Company also announced that Sarcos co-founder, current director and former Chief Executive Officer, Ben Wolff, has re-joined the executive team as Executive Vice Chairman. Peterson has served as interim President and Chief Executive Officer since May 2023 and has served on the Board of Directors since September 2021.

She will continue to serve on the Company?s Board of Directors. Wolff led the company from 2015 to 2021 as Chairman, President, and Chief Executive Officer and has served on the Company?s Board of Directors since 2015, including as Executive Chairman from December 2021 to January 2023. As part of the executive team, Wolff will help evaluate and pursue strategic business opportunities, including for the Company?s Advanced Technologies Division.

Peterson?s career and corporate board experience spans multinational industrial, high-growth technology, and transportation sectors. During her 22-year Boeing aerospace career, she held a series of executive positions and served on the Executive Leadership Team of three Boeing Commercial Airplanes (BCA) CEOs, as well as BCA Airplane Production and Supplier Management, BCA Strategy and Boeing International. She was frequently tapped to lead priority and emergent areas of high strategic and financial importance to the company.

Her most recent role was Vice President, Business Development for China, Boeing?s largest commercial market. Peterson is a member of the Board of Directors of Air Transport Services Group Inc. and Accelya Group, a Vista Equity Partners SaaS portfolio company. Peterson holds a bachelor?s degree in industrial engineering from Stanford University and an MBA from The Wharton School at the University of Pennsylvania.

Wolff, in addition to serving on the Sarcos Board, 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.