Hydroid Inc., a Bourne-based manufacturer of autonomous underwater vehicles, said that its board has selected Duane Fotheringham, the company’s vice president of operations since 2008, to succeed company cofounder Christopher von Alt as president.
Von Alt “elected to resign,” Hydroid said, and he will retain his current position as chairman of the board; in addition, he will undertake special long-range projects that will focus on advancing the technology behind Remus, the company’s line of autonomous underwater vehicles, or AUVs.
“I could not be more comfortable with Duane as my successor; he is an extremely capable leader,” von Alt said in a statement. “With Duane managing the company, I now have the flexibility to focus on Hydroid’s future technological developments.”
Hydroid was acquired by Kongsberg Maritime of Norway in 2008. The company said it ended 2012 with 84-full time employees and begins 2014 with 120 people. The current plan is to hire another 30 people this year.
Chris Reidy can be reached at firstname.lastname@example.org.