Schilling Robotics, a leading global producer of deep-ocean ROVs (remotely operated vehicles) and other specialty equipment used largely by the oil and gas industry to automate and control subsea exploration and production, announced the immediate appointment of Philip F. Otto as president and chief executive officer. He has also been appointed to serve on the company's board of directors. Otto, a Silicon Valley veteran and former chief executive of several high-growth technology companies, joins Schilling as demand for its equipment and services has reached unprecedented levels.
Founder and Chairman Tyler Schilling commented, "Otto comes in as we enjoy an annual growth rate exceeding 40%. This growth means we need to put in place an array of talents and an infrastructure that not only retains our customers, but pleases them so much and creates such a level of confidence in our capabilities that our relationship with them continues on the same upward trajectory." He went on to say, "Phil's job is to take care of today, which will be quite a task given our pace of activity; mine is to take care of tomorrow."
Schilling further announced that he will now assume the role of chief development officer in addition to chairman. "We need to stay ahead of the technology curve. To ensure this, I will be moving into closer collaboration with our customers to anticipate what they will need in the years ahead. We will be exploring several potentially important paths in areas such as subsea vehicle motion control and sensor-based operations. Entrepreneurial companies with our expertise have a special opportunity in the current oil and gas industry since technology development really has not kept pace with what's likely to happen over the next 5 to 10 years, particularly in deep-sea exploration and development."
Otto received his B.S. in engineering from Yale University and his MBA from Harvard University. As both CEO and chief financial officer of a variety of technology-oriented growth companies, he has extensive experience in restructuring and expansion of companies, mergers and acquisitions, as well as deal-making and marketing activity throughout Europe and Asia. He is charged with immediately broadening the senior management team at Schilling.
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