Schilling Robotics Bids Farewell to Resigning CEO

Schilling Robotics has announced the resignation of Philip F. Otto as chief executive officer. During Mr. Otto's tenure, the company made key additions to the management team, improved the company's infrastructure, and secured a substantial investment by FMC Technologies, all of which have positioned Schilling Robotics for continued success in the subsea industry.

Tyler Schilling, founder and chairman, was appointed to the position of president and chief executive officer. "Phil did a wonderful job in helping our company execute on a range of key objectives. With the combination of our strong senior management team and our partnership with FMC Technologies, I am confident that we will provide our customers with the best available products and services in our industry," said Mr. Schilling.