Director, Strategy & Business Development

Thank you for your interest in joining Solventum. Solventum is a new healthcare company with a long legacy of solving big challenges that improve lives and help healthcare professionals perform at their best. At Solventum, people are at the heart of every innovation we pursue. Guided by empathy, insight, and clinical intelligence, we collaborate with the best minds in healthcare to address our customers’ toughest challenges. While we continue updating the Solventum Careers Page and applicant materials, some documents may still reflect legacy branding. Please note that all listed roles are Solventum positions, and our Privacy Policy: https://www.solventum.com/en-us/home/legal/website-privacy-statement/applicant-privacy/ applies to any personal information you submit. As it was with 3M, at Solventum all qualified applicants will receive consideration for employment without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Job Description:

At Solventum, we enable better, smarter, safer healthcare to improve lives. As a new company with a long legacy of creating breakthrough solutions for our customers’ toughest challenges, we pioneer game-changing innovations at the intersection of health, material and data science that change patients' lives for the better while enabling healthcare professionals to perform at their best. Because people, and their wellbeing, are at the heart of every scientific advancement we pursue.

As Director, Strategy & Business Development, you will have the opportunity to tap into your curiosity and collaborate with some of the most innovative and diverse people around the world. Specifically, you will be responsible for driving growth through the development and execution of strategic business plans, identification of new market opportunities, and creation of key acquisitions, partnerships and venture investments. This is a critical role, instrumental to shaping our competitive positioning and expansion efforts, and reports into the Vice President, Strategy & Business Development for the Infection Prevention and Surgical Solutions Business. Responsibilities will include the following:

Strategic Planning and Execution

• Lead strategic planning process including development of the strategic narrative and presentations to senior leadership and Board of Directors in partnership with the business and finance teams

• Collaborate with key business stakeholders to prioritize and monitor execution of key strategic initiatives critical to delivering the Strategic Plan

• Identify and evaluate new growth opportunities, including market expansion in core and adjacency areas by conducting strategic evaluation of current and new markets, in partnership with the business

• In partnership with Business and Regional Marketing teams, develop and maintain global Market Models to facilitate strategic decision making

Business Development

• Create strategic roadmaps for prioritized markets with inorganic opportunities

• Source, track, and maintain relationships with potential acquisition and strategic partnership targets through deep understanding of prioritized areas, leveraging external and internal sources

Your Skills and Expertise

To set you up for success in this role from day one, Solventum requires (at a minimum) the following qualifications:

• Bachelor’s Degree or higher from (completed and verified prior to start) an accredited institution and 7 years of experience in strategy and/or business development; preference for at least 5 years in the medical technology industry

• Demonstrated relationship management and networking skills with clear ability to lead cross-functionally

• Experience with strategic planning, market research and landscape work

• Strong problem-solving orientation with ability to leverage both quantitative and qualitative analysis to drive decision-making

• Excellent written and verbal communication, and strong financial acumen

• Strong project management capabilities with ability to manage multiple deliverables, with a bias for action and delivering results

Additional qualifications that could help you succeed even further in this role include:

• Experience in deal-related M&A, corporate ventures, and or strategic partnerships activity

• Ability to thrive in an action-oriented and high accountability environment

Work location: Remote

Travel: May include up to 20% domestic/international

Relocation Assistance: Not authorized

Must be legally authorized to work in country of employment without sponsorship for employment visa status (e.g., H1B status).

Applicable to US Applicants Only:The expected compensation range for this position is $222,044 - $271,387, which includes base pay plus variable incentive pay, if eligible. This range represents a good faith estimate for this position. The specific compensation offered to a candidate may vary based on factors including, but not limited to, the candidate’s relevant knowledge, training, skills, work location, and/or experience. In addition, this position may be eligible for a range of benefits (e.g., Medical, Dental & Vision, Health Savings Accounts, Health Care & Dependent Care Flexible Spending Accounts, Disability Benefits, Life Insurance, Voluntary Benefits, Paid Absences and Retirement Benefits, etc.). Additional information is available at: https://www.solventum.com/en-us/home/our-company/careers/#Total-Rewards

Responsibilities of this position include that corporate policies, procedures and security standards are complied with while performing assigned duties.

Solventum is committed to maintaining the highest standards of integrity and professionalism in our recruitment process.  Applicants must remain alert to fraudulent job postings and recruitment schemes that falsely claim to represent Solventum and seek to exploit job seekers.

Please note that all email communications from Solventum regarding job opportunities with the company will be from an email with a domain of @solventum.com. Be wary of unsolicited emails or messages regarding Solventum job opportunities from emails with other email domains.

Please note, Solventum does not expect candidates in this position to perform work in the unincorporated areas of Los Angeles County.

Solventum is an equal opportunity employer.  Solventum  will not discriminate against any applicant for employment on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or veteran status.

Please note: your application may not be considered if you do not provide your education and work history, either by: 1) uploading a resume, or 2) entering the information into the application fields directly.

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