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Monday, June 30, 2014 11:20:21 AM
Joe "quit", but I think that was really just indicative of the direction Titan is headed. I think we can feel good about today's news because it gives us further reassurance that management is not sitting by idly. Joe was not an integral part of the team.
At the AGM, Joe introduced Corey Libby from Ximedica and seemed to be acting as the liason or the go-to-guy between Titan and Ximedica. His background is in sales, with Intuitive and U.S. Surgical, and that's where his real value was.
Today's departure makes me consider what Lurker05 and Arby2000 have also already wondered... "Who is going to replace him?"
Either, Titan management will hire a new VP Business Development, someone with a similar if not more impressive background than Joe. Or they will look outside of the company and go with a 3rd party.
Which then leads to another question, has management shifted strategy with sales and marketing?
The departure of BB and JT, and the hiring of Sherry makes me think, yes. Management seems intent on getting the SPORT to market as quickly as possible, and with the most qualified people.
I always felt that Joe was qualified to lead the sales team, so today's announcement adds credence to the strategy shift and corresponds with other recent moves. Switching things up and going with a 3rd party who specializes in medical device sales and already has significant/established connections to hospitals and group purchasing organizations would be most efficient for Titan.
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