Director Strategy, Avery Dennison Smartrac

  • 5310 Harvest Hill Rd, Dallas, TX 75230, USA
  • Full-time

Company Description

Avery Dennison (NYSE: AVY) is a global materials science company specializing in the design and manufacture of a wide variety of labeling and functional materials. The company’s products, which are used in nearly every major industry, include pressure-sensitive materials for labels and graphic applications; tapes and other bonding solutions for industrial, medical, and retail applications; tags, labels and embellishments for apparel; and radio frequency identification (RFID) solutions serving retail apparel and other markets. Headquartered in Glendale, California, the company employs more than 30,000 employees in more than 50 countries. Reported sales in 2020 were $7.0 billion. Learn more at www.averydennison.com.

ABOUT AVERY DENNISON SMARTRAC:

Built on a legacy of innovation and materials science, Avery Dennison has embarked on a new era of opportunity. This is an opportunity to take the functional and traditional label and enable it with digital technologies that can give every item a unique digital identity and digital life.

This “intelligence applied” technology has the capability to enable a world of connected everything. A world where the 'who, what and where' of every physical, become points of irrefutable fact and absolute visibility. Provenance, authenticity, sourcing, history, real-time location; guaranteed for businesses and consumers throughout the entire supply chain and all the way to the home. At its most simple, a company with a legacy in “making labels” becomes a category-leading technology company making the Internet of Things a positive, transformative, world-wide reality for all of us. The label has always told us something about the product. Now it can tell us everything.

In February 2020, Avery Dennison acquired Smartrac, a leading manufacturer of RFID products. Combined with the Intelligent Labels business, we will leverage our deep industry knowledge and know-how in technology and innovation, R&D, quality and service to drive RFID and technology adoption across multiple industries. And we want you to be part of our journey!

Job Description

The Director Strategy will lead activities which include development of long term strategic plans within Avery Dennison Smartrac’s (ADS) business. This role has the primary responsibility for conducting market analysis, and new market and product entry strategies, as well as strategic assessment of adjacencies, developing go-to-market strategies, identification of acquisition targets and executing value adding deals for the Avery Dennison Smartrac, with a specific focus on strategy development for retail segments. They will report directly to the VP, Strategy & New Business Development for the Avery Dennison Smartrac Business.

This is an outstanding opportunity for a high potential with established professional experience (10+ years) to develop their strategic skills while working in a stimulating environment with exposure to top management, and grow and develop into other leadership roles in the organization.

Your responsibilities will include:

  • Be a key thought partner to the ADS General Manager and other members of the leadership team

  • Help form the development of strategic plans for our core business and identify potential organic and inorganic initiatives to support these strategies

  • Develop and execute focused strategies for growing our business into adjacencies. Conduct interviews to understand market structure, trends and customer needs, in particular in adjacent business spaces

  • Lead opportunity analysis or specific work streams within bigger strategic assessments and ensure delivery based on pre-agreed milestones

  • Support the full M&A process: identifying targets, due diligence incl. valuation, contract negotiation and integration planning. Play the role of the deal quarterback and present the findings and recommendations to the M&A committee (composed of the CEO and the key leaders of the business)

  • Lead cross-functional project teams and build a strong network within our global organization. Partner with internal functions (e.g. Marketing, R&D, Finance) to gain their consensus and support

Qualifications

  • Bachelor’s degree required

  • Master’s degree in science, engineering, business administration or economics preferred

  • Ability to travel (10-20%)

  • 10+ years of professional experience in Management Consulting or Corporate Strategy/M&A

  • Solid understanding of the retail industry, including key trends and economic drivers

  • Can do attitude: strong personal drive and ability to work independently in multiple environments/cultures and get things done

  • Outstanding analytic and problem solving skills with affinity for quantitative modeling (strong excel skills)

  • Strong oral and written communications

  • Solid understanding of financial reporting (P&L, balance sheet, cash flow etc.)

  • Proficiency with DCF models. and metrics (NPV, ROTC, IRR, …)

  • Ability to operate on different levels (from analyst to senior management)

  • Desire to work and appreciation of the value of diversity of thought and teamwork

  • Good business judgment with constant desire to learn

  • Good project management skills

Preferred:

  • Previous valuation experience

  • Previous M&A deal process experience

 

Additional Information

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability, protected veteran status or other protected status. EEOE/M/F/Vet/Disabled. All your information will be kept confidential according to EEO guidelines.

We do not accept unsolicited referrals or resumes from any source other than directly from candidates using their personal email addresses.

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