Vice President, Corporate Development and Planning
EATONBeachwoodUpdate time: November 1,2021
Job Description
Eaton is seeking a Vice President, Corporate Development and Planning. This position will be based in our Beachwood, OH location and will report to the Senior Vice President, Corporate Development and Planning. This person will work with Eaton’s corporate, sector, and business leaders to advocate and execute acquisitions, divestitures, and joint ventures. The position is responsible for leading our corporate development and planning activities, which includes assisting business teams in refining acquisition strategies, leading cross-functional due diligence teams, managing the relationship with the counterparty and its advisors, determining valuation, understanding business issues and risks and reflecting them appropriately in transaction agreements, and leading negotiations through signing. Post-signing, the person will drive the transaction to completion and assist with the transition to our integration teams. He/she will also work to help shape Eaton’s corporate strategy, performing financial analysis and industry research, collaborating with Eaton’s CEO, CFO, and other company leadership, and assembling presentation materials that are shared with Eaton’s Board of Directors and Investor community. Essential responsibilities include Lead teams through acquisition, divestiture, and joint venture processes Synthesize strategy, valuation, and due diligence findings to develop communications for management and Board reviews while also collaborating with our legal team, functional leaders, and business leaders to develop transaction documents Develop and implement negotiation strategies Collaborate with business teams to develop complete business cases with strategic and financial analyses Develop value creating corporate strategies by performing financial analysis and industry research and collaborating with leaders across the company Build effective corporate strategy presentations for Eaton’s senior leadership, Board of Directors and external audiences On an ongoing basis, train the organization in M&A valuation, deal process and corporate strategy development Maintain Investment Banking relationships Qualifications Basic Qualifications: Bachelor's degree and MBA from accredited institutions are required Minimum 10 years working in M&A with practical experience in all stages of M&A processes Lead transactions through due diligence, contract development & negotiations, signing, and completion that have a cumulative value over $1B Global experience including leading acquisitions or joint ventures with U.S., European, and Asian targets Legally authorized to work in the United States on a permanent basis without company sponsorship Preferred Qualifications: Previous professional experience working in corporate development M&A transaction experience in industrials, electrical, and aerospace industries Experience digital or software environments (mature or early stage / startup enterprise software companies, venture investing, startup incubators) characterized by will be a plus: Leveraging digital capabilities and data to create value for enterprise customers Developing and scaling recurring / software-as-a-service (SaaS) business models Executing the full B2B / enterprise sales lifecycle Integrating digital and data-oriented solution with hardware and service offerings Position Criteria Demonstrated experience in the following areas will be a plus: Identifying investment or acquisition targets with high-growth software offerings or differentiated digital platforms relevant to market verticals traditionally served by industrial technology companies (e.g. utilities, industrial manufacturers, data centers, commercial buildings, and infrastructure) Assessing where targets are in their lifecycle (e.g. minimum viable product (MVP), proven technical solution with demonstrated product-market fit, commercial scaling) Defining strategic rationale for investment in / acquisition of potential digital or software targets from a strategic acquirer / investor perspective Determining appropriate deal structure for a specific target (e.g. minority investment, minority investment in conjunction with commercial partnership, full acquisition, etc.) based on target’s lifecycle, strategic investor priorities, linkages back to core business, etc. Understanding key characteristics differentiating enterprise software / digital platforms in terms of financial performance based on P&L, balance sheet, and required investment perspectives Ability to quickly assess potential digital platform or software acquisition / minority investment targets and communicate rationale for investment Strong time management skills; ability to work on multiple projects at one time Effective leading both junior and senior-level groups Ability to quickly assess acquisitions and other investments, and communicate the key strategic value elements, areas of synergy, key risks and value detractors Professional presence to be able to communicate and operate comfortably and efficiently with senior executives, transaction counterparties, and advisors Strong verbal and written communication skills Proven negotiation skills and demonstrated financial acumen Advanced Microsoft Excel, PowerPoint skills, and knowledge of industry research platforms Travel as necessary for project work approximating 25% of work time As a contractor with the Federal government, Eaton is subject to the Executive Order mandating COVID-19 vaccination. As permitted by applicable law, the candidate(s) hired under this posting must provide evidence of full vaccination as defined by CDC guidelines, or request a medical, pregnancy or religious accommodation exempting them from the requirement. Vaccination status will not be verified until after an offer of employment is provided, and candidates may also request a medical, pregnancy or religious accommodation at that time. Eaton also considers qualified applicants regardless of criminal histories, consistent with local laws. To request a disability-related reasonable accommodation to assist you in your job search, application or interview process, please call 412-893-3600 or send an email to: AccommodationsForApplying@Eaton.com We make what matters work. Everywhere you look—from the technology and machinery that surrounds us, to the critical services and infrastructure that we depend on every day—you’ll find one thing in common. It all relies on power. That’s why Eaton is dedicated to improving people’s lives and the environment with power management technologies that are more reliable, efficient, safe and sustainable. Because this is what matters. We are confident we can deliver on this promise because of the attributes that our employees embody. We’re ethical, passionate, accountable, efficient, transparent and we’re committed to learning. These values enable us to tackle some of the toughest challenges on the planet, never losing sight of what matters. Job: Development Planning Region: North America – US/Puerto Rico Organization: Corporate Sector Job Level: Executive Schedule: Full-time Is remote work (i.e. working from home or another Eaton facility) allowed for this position?: No Does this position offer relocation?: Relocation from within hiring country only Travel: Yes, 25 % of the Time
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