Canadian marine robotics agency Kraken Robotics has appointed Peter A. Hunter to its Board of Administrators.
Hunter replaces Larry Puddister, a long-time Kraken director who has resigned.
“Mr. Puddister has different energetic enterprise pursuits and has resigned from his board place with the Firm to dedicate extra consideration to these pursuits,” Kraken Robotics mentioned,
Hunter is the founder, Chairman, and Managing Companion of Artemis Capital Companions, L.P., a Boston-based specialised personal fairness agency centered on differentiated industrial expertise producers.
Hunter additionally brings subsea expertise experience to Kraken’s Board, having served 3 years because the Chairman of Hydroid, LLC, an organization specializing in unmanned underwater automobiles (UUVs) with its REMUS UUV model.
Hunter was Chairman of Hydroid from its early days to its eventual acquisition by Kongsberg Maritime, AS, in 2008. Hydroid was subsequently acquired from Kongsberg in 2020 by Huntington Ingalls, the US Navy’s largest shipbuilder and UUV supplier (now referred to as HII).
Commenting on the adjustments, Greg Reid, Kraken’s President, CEO and Director, famous, “We’re more than happy to welcome Peter to the Board of Administrators. His strategic, governance, monetary, and operational expertise and data of the subsea trade will add important worth to Kraken. As well as, on behalf of administration and the Board, I want to thank Larry for his enter and steerage through the years, and all of us want him the very best in his future endeavors.”
The corporate issued 400,000 inventory choices to Hunter in connection together with his appointment to the Board. These choices have a five-year time period, with vesting in three equal instalments on the date of grant and on the one and two-year anniversaries of the date of grant. Every possibility is exercisable for one frequent share at an train worth of $0.495.
