What are the responsibilities and job description for the Vice President, New Ventures position at Johnson & Johnson?
At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Innovative Medicine and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow, and profoundly impact health for humanity. Learn more at https://www.jnj.com
Job Function
Strategy & Corporate Development
Job Sub Function
Mergers, Acquisitions & Divestitures
Job Category
People Leader
All Job Posting Locations:
New Brunswick, New Jersey, United States of America, Raritan, New Jersey, United States of America
Job Description
Johnson and Johnson is currently recruiting for a Vice President, New Ventures within the Johnson & Johnson MedTech organization. This role will be based in New Brunswick, NJ.
The VP, New Ventures will lead execution and standardization of due diligence and complex integrations in strategic acquisitions and divestitures within Johnson & Johnson MedTech. This role involves collaborating with business leaders to shape strategy, improve capabilities and drive financial success.
Responsibilities
This leader will develop and lead a high-performing team and actively scout talent. As a member of the MedTech BD Executive Leadership Team, this leader will contribute to the business strategy and talent agenda, building capabilities in this space and ensuring strategic and financial results. Additional responsibilities will include:
Fueled by innovation at the intersection of biology and technology, we’re developing the next generation of smarter, less invasive, more personalized treatments!
Your unique talents will help patients on their journey to wellness. Learn more at https://www.jnj.com/medtech.
Johnson & Johnson is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, protected veteran status or other characteristics protected by federal, state or local law. We actively seek qualified candidates who are protected veterans and individuals with disabilities as defined under VEVRAA and Section 503 of the Rehabilitation Act.
Johnson and Johnson is committed to providing an interview process that is inclusive of our applicants’ needs. If you are an individual with a disability and would like to request an accommodation, please email the Employee Health Support Center (ra-employeehealthsup@its.jnj.com) or contact AskGS to be directed to your accommodation resource.
The anticipated base pay range for this position is :
194,000 - 356,500
Additional Description For Pay Transparency
The Company maintains highly competitive, performance-based compensation programs. Under current guidelines, this position is eligible for an annual performance bonus in accordance with the terms of the applicable plan. The annual performance bonus is a cash bonus intended to provide an incentive to achieve annual targeted results by rewarding for individual and the corporation’s performance over a calendar/performance year. Bonuses are awarded at the Company’s discretion on an individual basis. Employees and/or eligible dependents may be eligible to participate in the following Company sponsored employee benefit programs: medical, dental, vision, life insurance, short- and long-term disability, business accident insurance, and group legal insurance. Employees may be eligible to participate in the Company’s consolidated retirement plan (pension) and savings plan (401(k)). This position is eligible to participate in the Company’s long-term incentive program. Employees are eligible for the following time off benefits: Vacation – up to 120 hours per calendar year Sick time - up to 40 hours per calendar year; for employees who reside in the State of Washington – up to 56 hours per calendar year Holiday pay, including Floating Holidays – up to 13 days per calendar year of Work, Personal and Family Time - up to 40 hours per calendar year Additional information can be found through the link below. http://www.careers.jnj.com/employee-benefits The compensation and benefits information set forth in this posting applies to candidates hired in the United States. Candidates hired outside the United States will be eligible for compensation and benefits in accordance with their local market.
Job Function
Strategy & Corporate Development
Job Sub Function
Mergers, Acquisitions & Divestitures
Job Category
People Leader
All Job Posting Locations:
New Brunswick, New Jersey, United States of America, Raritan, New Jersey, United States of America
Job Description
Johnson and Johnson is currently recruiting for a Vice President, New Ventures within the Johnson & Johnson MedTech organization. This role will be based in New Brunswick, NJ.
The VP, New Ventures will lead execution and standardization of due diligence and complex integrations in strategic acquisitions and divestitures within Johnson & Johnson MedTech. This role involves collaborating with business leaders to shape strategy, improve capabilities and drive financial success.
Responsibilities
This leader will develop and lead a high-performing team and actively scout talent. As a member of the MedTech BD Executive Leadership Team, this leader will contribute to the business strategy and talent agenda, building capabilities in this space and ensuring strategic and financial results. Additional responsibilities will include:
- Spearheading key transactions and leading portfolio optimization through acquisitions and divestitures.
- Designing performance measures, and objectives for successful execution of M&A initiatives.
- Delivering executive reports on critical deliverables and analyzing post-acquisition outcomes.
- Standardizing processes across due diligence, integrations and divestitures and leading cross-functional teams.
- Develop and implement the strategic framework for all integration and divestiture activities, ensuring alignment with business objectives.
- Leads all aspects of the integration of new transactions and assets into J&J, ensuring new product technology and business development knowledge is integrated seamlessly
- Develops an integration plan either before signing or between signing and closing, and often will have a meaningful role in the due diligence process
- Responsible for the end-to-end integration process for newly acquired businesses, ensuring seamless alignment with existing operations.
- Leads strategic cross-functional teams and ensure teams are following the appropriate guidelines to facilitate effective integration and transition plans.
- Evaluates critical assumptions, risks, and opportunities to determine organizational impact and builds mitigation strategies as needed
- Develops playbooks and standard processes for complex and strategic integrations to build capabilities in this area
- Lead the planning and execution of divestiture processes, including identifying non-core assets and developing strategies for divestment.
- Partner with legal and financial teams to ensure compliance and optimization during the divestiture process.
- Builds upon existing playbooks and standard processes for strategic divestitures to improve capabilities in this area and provide recommendations for continuous improvement.
- Responsible for cross-functional teams to drive integration/divestiture initiatives and resolve any issues that arise.
- Cultivates a culture of collaboration and open communication among all partners involved in integration and divestiture processes.
- Works closely with Business Leaders, Integration Leaders and Senior Leadership to ensure critical business metrics, deal models, etc are met and exceeded
- Design and implement change management strategies to address the challenges associated with integration and divestitures.
- Communicate effectively with all levels of the organization to ensure understanding and acceptance of changes.
- Establish metrics and performance indicators to evaluate the success of integration and divestiture activities.
- Regularly report progress and results to the executive team and provide
- Bachelor’s Degree in business, marketing, finance, engineering or related field required; Master’s level degree preferred
- 15 years of progressive multi-functional experience required; MedTech / Healthcare experience preferred; Entrepreneurial or start-up experience considered a strong plus
- The ability to influence and lead multifunctional teams toward a shared vision in collaboration with customers and partners to ultimately deliver value creating opportunities.
- Makes timely, sound judgments in complex, uncertain and changing environments, following J&J procedural guidelines
- High caliber integration & divestiture or business development leader with a track record of negotiating complex transactions, driving decisions and delivering results
- Experience successfully leading integration and divestiture projects in a corporate environment.
- Strong analytical and problem-solving skills, with the ability to assess complex business scenarios and develop effective strategies.
- Expertise in project management methodologies and tools.
- Track record leading large teams, balancing multiple customers and partners in a large environment and developing talent
- Ability to prepare and present complex issues to Sr Leadership in a clear and concise manner
- Outstanding relationship management skills, with the ability to represent J&J to the external MedTech ecosystem, including acquired companies and buyers of divested companies
- Strong intellectual curiosity and deep passion to continuously learn about new clinical and technical developments and platforms. Understands the clinical, scientific, technical, organizational, and regulatory processes in MedTech.
- Up to 30% domestic and international travel will be required
Fueled by innovation at the intersection of biology and technology, we’re developing the next generation of smarter, less invasive, more personalized treatments!
Your unique talents will help patients on their journey to wellness. Learn more at https://www.jnj.com/medtech.
Johnson & Johnson is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, protected veteran status or other characteristics protected by federal, state or local law. We actively seek qualified candidates who are protected veterans and individuals with disabilities as defined under VEVRAA and Section 503 of the Rehabilitation Act.
Johnson and Johnson is committed to providing an interview process that is inclusive of our applicants’ needs. If you are an individual with a disability and would like to request an accommodation, please email the Employee Health Support Center (ra-employeehealthsup@its.jnj.com) or contact AskGS to be directed to your accommodation resource.
The anticipated base pay range for this position is :
194,000 - 356,500
Additional Description For Pay Transparency
The Company maintains highly competitive, performance-based compensation programs. Under current guidelines, this position is eligible for an annual performance bonus in accordance with the terms of the applicable plan. The annual performance bonus is a cash bonus intended to provide an incentive to achieve annual targeted results by rewarding for individual and the corporation’s performance over a calendar/performance year. Bonuses are awarded at the Company’s discretion on an individual basis. Employees and/or eligible dependents may be eligible to participate in the following Company sponsored employee benefit programs: medical, dental, vision, life insurance, short- and long-term disability, business accident insurance, and group legal insurance. Employees may be eligible to participate in the Company’s consolidated retirement plan (pension) and savings plan (401(k)). This position is eligible to participate in the Company’s long-term incentive program. Employees are eligible for the following time off benefits: Vacation – up to 120 hours per calendar year Sick time - up to 40 hours per calendar year; for employees who reside in the State of Washington – up to 56 hours per calendar year Holiday pay, including Floating Holidays – up to 13 days per calendar year of Work, Personal and Family Time - up to 40 hours per calendar year Additional information can be found through the link below. http://www.careers.jnj.com/employee-benefits The compensation and benefits information set forth in this posting applies to candidates hired in the United States. Candidates hired outside the United States will be eligible for compensation and benefits in accordance with their local market.
