IDEX Vice President Strategy, IDEX Health & Science in Northbrook, Illinois
If you’re looking for a special place to build or grow your career, you’ve found it. Whether you’re an experienced professional, a recent college graduate or somewhere in between, IDEX is a place where you can apply your existing skills and learn new ones in an environment where you can make an impact.
With interesting opportunities in engineering, marketing, sales, supply chain, operations, HR, finance, and more across more than 40 diverse businesses (https://www.idexcorp.com/our-businesses/business-segments/) around the globe, chances are, we have something special for you.
IDEX Corporation (NYSE: IEX), based in Northbrook, IL (suburb of Chicago), is a leading global manufacturer of diversified products in industries ranging across health, science, safety, fire, and fluidics. The company operates in 24 countries, IDEX is an innovative and growing company, focused on delivering excellence through diverse, winning teams. We’re a global provider of applied solutions serving a variety of markets. These include life science and medical technologies, process industry and infrastructure related applications, industrial/municipal fire, and rescue - to name just a few.
IDEX Health & Science (IH&S) is the global leader in life science fluidics, microfluidics, and optics, offering a unique advantage to customers by bringing optofluidic paths to life with strategic partnerships, solutions, and expertise. With component, sub-system, and application-level experts, we help instrument developers solve the most demanding fluidic & optical challenges in an array of applications. We believe partnership will change the way the world innovates, leading to new technologies to improve health, protect our planet, and enrich lives. Visit www.idex-hs.com
IH&S includes 6 focused business lines: Integrated Analytical Solutions, IVD/Bio, Connections, Microfluidics, Optical Systems and Optical Filters. The global team brings extensive experience with over 1100 colleagues across 8 sites located in Rohnert Park CA, Oak Harbor WA, Middleboro MA, Bristol CT, Carlsbad, CA, Rochester, NY, Zweibrücken, Germany and Kawaguchi, Japan. Markets include Proteomics, Spatial Biology, Chromatography, In Vitro Diagnostics, Point of Care, and Biotechnology and more. Products include Optical Filters, Illumination Modules, Optical Subsystems, Column Hardware, Degassers, Fluidic Connections, Manifolds, Pumps, Pump Components, Microfluidic Consumables, Subsystems and Valves.
In this role, you will lead the development of the strategic plan for the IDEX Health & Science business group globally. You will support the implementation of the strategy with business teams to deliver against our growth objectives. This role reports to the Group President of IDEX Health and Science (IH&S) and is part of the leadership team. The Vice President Strategy will be a senior leader in our efforts to deploy capital via organic and inorganic investments for sustainable profitable growth.
The Vice President Strategy is responsible for supporting the IDEX Health & Science growth aspirations through global expansion into new markets, technologies and capabilities.
This leader will partner with the IDEX Health and Science leadership team, extended leadership team, and the Corporate Strategy & Development Team to shape our strategic direction by identifying and analyzing new strategic growth opportunities, developing new partnerships and alliances, and supporting the execution of selected strategic initiatives.
Specifically, this leader will conduct research to assess internal and external opportunities and develop the strategy for growth. They will be responsible for the development of a well-defined Strategic Plan and M&A pipeline by identifying companies that align with strategic goals and partnering with business leaders to develop analytics and rationale to support acquisitions.
Markets : Build a deep understanding of new and existing market spaces and acquisition targets globally.
Conduct market work to ensure early conviction, market sizes, industry information, clarity on structure, scope and trends, market dynamics, customer needs, competitive landscape, technologies and services for growth.
Partner with colleagues across the group to guide market research, insights to support strategic planning and inorganic plans.
Develop market maps and communicate strategic, actionable opportunities in a simple way.
Guide business teams on market findings and strategic initiatives pertaining to growth investments. Scope, plan, structure work and align with leaders on timeline & implications.
Technologies & Capabilities : Identify emerging and innovative technology spaces of relevance to the company, target market spaces, contribute to technology road maps and scenarios for winning. For example, this leader may define mechanisms to build capabilities to ensure competitive edge through partnerships, pilots, investments, etc.
Strategic Thinking & Agility : collaborate across our Group leadership teams to lead and support overall strategic planning.
M&A Pipeline : Work with colleagues to create a well-defined M&A pipeline to support the strategy. Conduct research on target companies and their markets, channels, competitors, analyze the target company’s value proposition, competitive position, and financial performance to assess opportunities to create value post-acquisition.
Team Leadership & Culture : celebrate, develop & empower great teams with a premier culture. Live our core values of Trust, Team and Excellence . This includes fostering a culture of owner-mindset and accountability to execute with excellence.
KPI Leadership : embrace the IDEX Operating Model, define and deliver on key metrics to ensure M&A pipeline health and strategy to action/execution across IDEX Health & Science.
Cross- functional collaboration : effectively collaborate and partner with GMs, Business Line Leaders and Functional Leaders (Finance, HR, Operations) and IDEX Strategy and Corporate Development Team to encourage debate and invite diverse perspectives that drive better business outcomes through collaboration and innovation.
Ability to travel approximately 25-30%.
Requirements & Experience:
A dynamic leader with a successful track record of strategic planning and development (organic and inorganic), business development, specific experience in Life Science markets required.
Knowledge of technologies and applications in the Life Sciences / Biotech market (i.e next generation sequencing, PCR, spatial profiling, DNA synthesis, chromatography, mass spec, and common molecular biology methods) preferred.
Track record as an agent of change, who has established customer-centric and growth-minded teams that lead through collaborative partnerships.
Demonstrated success seeing the big picture, making connections to develop, communicate, and lead the strategic plan to achieve competitive advantage. Ability to see possibilities, define how to get there, and translate into actions and value.
Critical Thinking & Decision Making: demonstrated capacity for independent thought and critical thinking. Sound judgement guides calculated risks for long term value creation. Makes decisions with conviction.
Excellent collaboration & communication skills, relationship building, leadership skills with an ability to influence at all levels, internally and externally, including vision, mission and rationale
A hands-on leader who leads by example, inspires others, at all levels to strive for success
Proven record of developing and implementing strategies through post-integration.
Strong business and financial acumen with exceptional analytical skills.
Engineering background and MBA preferred
This opportunity can be based remotely.
Are you ready to join a different kind of company where our people, our culture, and our commitments are centered around providing trusted solutions that improve lives around the world?
The compensation range for this position is $171,400.00 - $257,000.00, depending on experience. This position may be eligible for performance based bonus plan.
Our comprehensive U.S. benefit offerings include: Health benefits, 401(k) retirement savings program with company match, PTO, and more. More information on our benefits and rewards can be found on our career page: https://www.idexcorp.com/careers/our-benefit-and-rewards/
IDEX is an Equal Opportunity Employer and Affirmative Action Employer. IDEX gives consideration for employment to qualified applicants without regard to race, color, religion, creed, genetic information, sex, sexual orientation, gender identity or expression, marital status, age, national origin, disability, protected veteran status, or any other consideration or protected category made unlawful by federal, state or local laws (Minorities/Females/Protected Veterans/Disabled).
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Job Family: Business Development
Business Unit: SF&O (Shared Services)