Sarcos Technology And Robotics (STRC) Names Kiva Allgood As CEO

By Amit Chowdhry ● Dec 14, 2021
  • Sarcos Technology and Robotics Corp (NASDAQ: STRC) has announced a few management changes. These are the details.

Sarcos Technology and Robotics Corporation (NASDAQ: STRC and STRCW) — a leader in the development of robotic systems that augment humans to enhance productivity and safety — announced Ben Wolff, current chairman and chief executive officer, has been named executive chairman and will pass the roles of president and chief executive officer to Kiva Allgood, an experienced technology executive with public company experience leading global business units effective immediately.

Allgood had most recently served as Global Head of IoT and Automotive for Ericsson, a global provider of communications technology. Prior, she served as Chief Commercial Development Officer, GE Business Innovations, and as Managing Director, GE Ventures for GE Ventures and Business Innovation, a corporate venture company and innovation group of General Electric Company. And Allgood also served as President, Qualcomm Intelligent Solutions, and Vice President, New Business Development for Qualcomm Incorporated, a global provider of foundational technologies and products used in mobile devices and other wireless products. Allgood currently serves on the board of Synaptics. Along with the roles of president and CEO, Allgood will be named a member of the Sarcos board of directors.

KEY QUOTES:

“Our incredible team has accomplished a great deal in the six-plus years that I have served as CEO. In my current capacity as Sarcos chairman, CEO, and largest shareholder, I concluded this was the time to recruit a seasoned operationally-focused leader who has demonstrated the ability to successfully commercialize complex technologies and scale businesses that implement ‘as-a-service’ business models. Kiva fits these criteria, and she and I have invested considerable time in getting to know one another. I think we are going to make a great team.”

— Ben Wolff

“I am honored to be chosen by Ben and the rest of the distinguished board to lead Sarcos. I thrive on commercializing and scaling complex hardware systems. The challenge of targeting a massive global market and the chance to work with Ben and the rest of the impressive and experienced Sarcos team, is a career-defining opportunity.”

— Kiva Allgood

“Sarcos future under the leadership of Ben and Kiva is very bright. This team can deliver the best of both worlds by combining Ben’s expertise in creating value-enhancing strategic initiatives and relationships with Kiva’s operational prowess and deep experience in commercializing and scaling new technologies and products that create and define new markets and industries. Speaking on behalf of our entire board, we are thrilled to have Kiva joining our team.”

— Dennis Weibling, Sarcos lead director