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.