Sunday, January 08, 2017 10:44:47 AM
Despite my personal disappointment that I could not get so much as an acknowledgement from my email to Paige, that doesn't necessarily mean she is clueless about the marketing requirements. Marketing a new medical device requires a lot of advanced planning. She was brought on board before the revised timeline, so she was "on deck" until the delay but it may have been a reasonable decision to keep her on board until the spotlight is once again on her; otherwise a vacant position during the delay and a new hire afterwards could be throwing away some great prep work. Given the track record of success McNally brings to the table, he is probably a pretty good judge of that and can make a fair determination in a brief amount of time. He knows she has been there for years, and if she doesn't show him a mature marketing plan already in place, he should be escorting her to the door immediately. But it is possible that she is staying abreast of the development process and refining her plan to accommodate additional indications and features of the machine to market the SPORT advantages as soon as it receives regulatory approval.
As for Rayman's position, I can't think of as many possible scenarios which could prove his value to the organization, but it is further from my field of professional expertise so I wouldn't be the best judge of that. Again, I believe Mr. McNally should be well positioned to make that judgement. I do like how Mr. Barker stepped up to the plate as Interim CEO and I wouldn't mind seeing him in the position of president if he wanted it. I don't know what else he has on his plate outside of Titan and maybe he isn't interested because he can't commit sufficient time to the tasks. McNally may have his own outsider waiting in the wings, or maybe Rayman will demonstrate his value and prove his capabilities to McNally. Ditto for Randall.
For the letter, I think we might want to mention that we have concerns about these positions based on historical indications of performance, but also based on an absolute deficit in communications regarding their function. If anything, we should ensure McNally is aware of our concerns and evaluates each position accordingly, but I don't believe we should blindly request the immediate termination of people in these critical positions. If cleaning house is what is required, I'm all for it, but it has to be the right thing to do.
And yes, and am quite pleased with the selection of Mr. McNally for CEO!
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