Robotics

Titan Medical names ex-Domain Surgical chief McNally as CEO

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Fresh from the sale last August of Domain Surgical to OmniGuide Surgical, former Domain CEO David McNally landed the top spot at Titan Medical (CVE:TMD), that company said today.

McNally, who also founded and led Zevex International to a 2007 acquisition by Moog Inc., succeeded interim chief John Barker effective Jan. 1. Barker, who was named to replace John Hargrove last October  while the company searched for a full-time CEO, agreed to stay on as a director, the Toronto-based robot-assisted surgery company said.

Hargrove left after Titan was forced to put a hold on the development of its flagship Sport robot-assisted surgery platform in August 2016 after a funding round failed to materialize and it ran out of cash. Providence, R.I.-based Ximedica and Titan re-started the program after Titan was able to raise nearly $9 million round late last year.

Today chairman Martin Bernholtz said that the company liked the returns McNally generated for his Zevex and Domain shareholders.

 

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Josh Sandberg

Josh Sandberg is the President and CEO of Ortho Spine Partners and sits on several company and industry related Boards. He also is the Creator and Editor of OrthoSpineNews.

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