VP, Strategic Initiatives and Business Transformation - D&M Segment

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With platforms in HVAC and Detection and Measurement, SPX Technologies builds innovative solutions that enable a safer, more efficient, sustainable world.  Through our RiSE talent development framework, we Reach, Identify, Strengthen, and Engage our employees to support them in their continued development.  We’re a global company of problem solvers, collaborators, and innovators, and our businesses build solutions that impact the world. 

Summary:

The VP, Strategic Initiatives and Business Transformation – D&M Segment will be an essential member of the Detection & Measurement (D&M) Segment Leadership Team.  This role is critical to enhancing the growth and profitability of the D&M Segment, and this individual, working as a thought partner with the D&M Segment President, Segment Leaders, and the Business Unit (BU) VP/GM's, will lead the charge in identifying growth drivers and growth opportunities with a focus on M&A. The VP will be a key driver of the growth agenda, developing and championing new areas for growth, while also working as needed day-to-day with business leaders to execute on existing plans. 

In addition to organic growth, the VP will be a central leader in the overall D&M Segment inorganic strategy, including identifying areas of focus, sourcing deals, and other strategic investments, as well as analyzing the market for insights, trends, and potential M&A targets.

The VP will be highly strategic, accountable, and energized by working collaboratively across the organization at various levels to understand business needs to enable growth and business outcomes. The VP will have extraordinary stakeholder management and leadership skills, coupled with intellectual curiosity to identify new ideas and challenge the status quo. The VP will have a passion for solving complex and strategically important business problems in an agile environment, displaying innovative thinking.  S/he will be relationship-oriented and have a passion for collaborating across the organization to understand business needs while shaping and representing SPX's vision, strategy, and values.

In partnership with the D&M Segment President and BU VP/GM's, the D&M VP Strategy and Transformation’s principal responsibilities will include:

1. Driving development and refinement of the D&M Segment and BU strategies including clear articulation on where to play and how to win.
2. Managing the strategic planning and deployment processes ensuring cross-functional alignment and on-time delivery of the Segment’s top strategic and "Must Do" initiatives against KPIs.
3. Identifying organic growth opportunities and developing enhanced, synergistic capabilities across the Segment and BU's in critical commercial areas including:

1. Strategic Marketing,
2. Channel Management,
3. Product Lifecycle Management,
4. Strategic Pricing and Analytics,
5. Aftermarket, and
6. New Product Development

4. Formulating the Segment's inorganic growth strategies by identifying where to play.
5. Leading special projects or key initiatives as required.

The successful candidate would have the potential to take on a broader P&L role in the future.

Principle Duties & Responsbilities:

1. D&M Segment Leadership Participation:  Serve as a member of the D&M Segment leadership team, participating as a thought leader and partner for segment issues.
2. Business Development and Change Leadership:

• Formulates the Segment's inorganic growth strategy (mergers, acquisitions, etc.) in coordination with BU leaders.  Serves as a key leader of the due diligence process, working closely with the SPX Corporate Development team, and post-acquisition integration planning and execution.  May be integration leader on certain acquisitions, especially those standing up as a new BU or platform within the D&M Segment. 
• Develops enhanced capabilities and synergies across the Segment and BU's in the areas of Strategic Marketing, Channel Management, Product Lifecycle Management, Strategic Pricing and Analytics, Aftermarket, and New Product Development best practices.
• Acts as a thought partner and trusted advisor to senior executives and business leaders by staying abreast of industry trends, competitive landscapes, growth opportunities, internal performance, global M&A events, macroeconomic trends, regulatory developments, and other public market information.
• Assesses competencies needed in the workforce to meet new demands; develops and executes plans to fill gaps.
• Provides direction, planning, and communication to ensure effective teamwork on enterprise-level projects as required.
• Leads various M&A activities, including due diligence and integrations as required.

3. Strategy Development and Implementation:

• Evaluates broad market opportunities and strategies for entry into disruptive, new areas that can be complemented by the D&M portfolio of products.
• Collaborates with the Segment President and CFO and other Segment leaders to create, build alignment, and implement a Segment strategy that will position SPX D&M competitively in the marketplace and drive growth, including incorporation of Sustainability opportunities.
• Works with the Segment President and CFO to define long-range Segment-level strategic and financial objectives, assess BU strategic plans, and develop a Segment view on portfolio-wide gaps and opportunities.
• Leads the Segment's strategic planning and deployment process in alignment with SPX's Chief Strategy and Corporate Development Officer.  Works closely with members of the Segment leadership team to establish strategic plans and investment priorities focused on expanding SPX's competitive advantage, enhancing relationships with key customers and partners, and driving profitable growth with a focus on how SPX will win with each BU.  Proactively ideates, identifies, develops, and drives key strategic initiatives that deliver long-term profitable growth at the Segment level.  Collaborates across functions during the annual strategic planning process to ensure that long-term strategies are woven into actionable annual plans.  The VP will also work closely with the D&M Segment CFO on the annual budgeting and strategic planning processes.
• Develops and communicates the strategic plan, along with the Segment President and BU leaders, to the SPX Executive Leadership Team (ELT) and Board of Directors as required.

4. Operational Project Management and Execution:

• With the Segment President and CFO, leads the design and development of management systems and supports D&M’s overall business cadence and operating rhythm. This includes operational, and at times, administrative support of the D&M leadership team, driving execution of strategic change initiatives, supporting leadership in the development and execution of strategy, and cultivating new skills and ways of working across the organization.
• Executes medium and large-scale business transformation projects and programs. Validates project priorities, scope, and objectives.
• Demonstrates short and long-term positive impact to the business.
• Produces investment recommendation materials for review by the SPX ELT and Board.
• Leads targeted strategic projects as required.

Education, Skills & Experience:

The ideal candidate will bring 10+ years of progressive leadership experience in highly engineered product markets, preferably with an early foundation in engineering and/or product management and development. 

The successful individual will be a strong leader and communicator, in addition to being an innovator and critical thinker; someone who can adjust their style and tone for various audiences and is able to tailor their ideas for different audiences in both written presentation and verbal formats. Skilled at understanding how to motivate and align people and teams, the VP will have a successful track record of guiding teams to deliver against goals and objectives.

Additional skills:

• Superior data collection, analysis and presentation.   
• Strong project management skills and process orientation.  Demonstrated ability to assess needs, as well as design and implement processes across multi-disciplinary groups.
• Effective critical thinking, problem solving and change management skills.  Strong analytical skills – able to collaborate in identifying and providing solutions to complex operational and financial issues.
• Attention to detail, flexibility, and ability to align with others through appropriate influencing and negotiation strategies.  Ability to work in a fast-paced environment.

• Ability to engage diplomatically with excellent verbal and written communication, as well as platform presentation skills with a variety of audiences internally and externally. Able to make effective presentations on complex or controversial topics.
• Strong understanding of metrics, financial P&L, and cash management.

How we live our culture

Our culture is at the center of what we do and, more importantly, who we are.  Our core values set a standard for how we manage ourselves, and our Leadership Model sets the standard for how we engage with each other.  Whether you are an individual contributor or you lead a large team, each of us leads at SPX.  

What benefits do we offer?

We know that the well-being of our employees is integral. Our benefits include:

• Generous and flexible paid time off including paid personal time off, caregiver, parental, and volunteer leave
• Competitive health insurance plans and 401(k) match, with benefits starting day one
• Competitive and performance-based compensation packages and bonus plans
• Educational assistance, leadership development programs, and recognition programs  

Our commitment to embrace diversity to build a culture of inclusion at SPX

We value different backgrounds, experiences, and voices at SPX, and we are committed to challenging ourselves, openly communicating, and striving to improve every day.  We believe in creating an inclusive work environment where everyone has a voice and is encouraged to realize their fullest potential. 

SPX is an affirmative action and equal opportunity employer committed to making selection decisions without regard to race, color, religion, sex, sexual orientation or identity, national origin, age, disability, veteran status, or any other legally protected basis.