Sarcos Technology Appoints New CFO Amid Expansion and Innovation: Meet Trevor Thatcher

Investing.com reports that Trevor Thatcher is appointed as the new CFO of Sarcos Technology

Trevor Thatcher has been appointed as the new Chief Financial Officer (CFO) of Sarcos Technology, a robotics company traded on the NASDAQ under the symbol STRC. The transition comes after Andrew Hamer, who had been serving as CFO since 2019, decided to step down from his role with CEO Benjamin Wolff.

Thatcher brings extensive experience to his new position, having served as Vice President, Corporate Controller at Sarcos since December 2021. Prior to that, he held various senior financial roles at LifeVantage Corporation, a direct selling company, from October 2014 to December 2021. Thatcher is also a licensed certified public accountant and holds academic degrees in accounting and economics from Utah State University and a Master of Accounting from the University of Utah.

Sarcos clarified that Thatcher has no familial connections to any director or executive officer of the company and has not been involved in any reportable transactions with it. His appointment was made without any pre-existing agreements or understandings with other individuals. According to the Thatcher Employment Agreement, he will be an at-will employee with an initial base salary of $300,000 and the potential to receive an annual target bonus of 35% of his base salary. He will also receive an equity award of 100,000 restricted stock units in the company, which will vest over time and is contingent upon his continued service. This award will be granted under the terms of the company’s 2021 Equity Incentive Plan.

The leadership transition appears to be a strategic step for Sarcos as it continues to expand and innovate in the field of robotics. The company expressed its appreciation for Hamer’s dedicated service during his time with them.

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