Global Product Manager

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Job description

About ITT
ITT is an industrial manufacturer of critical, engineered components that serve fast-growing end markets in transportation, flow, energy, aerospace and defense. The company's differentiation is sustained through a combination of several factors: execution, the quality of its leadership and our DNA as an engineering leader. We have a clear purpose as an organization: to provide our customers with cutting-edge solutions to help solve their most critical needs.

The company generated 2023 revenues of $3.3 billion and is comprised of three distinct segments:

Motion Technologies ($1.5B revenue) is a global leader in brake pads, shock absorbers and sealing solutions for the automotive and rail markets

Industrial Process ($1.1B revenue) is a global leader in centrifugal and twin-screw pumps for the chemical, energy, mining and industrial markets

Connect & Control Technologies ($0.7B) is a niche player in harsh environment connectors and control components in critical applications for the aerospace, defense and industrial markets.

ITT is headquartered in Stamford, Connecticut with over 10,000 employees in more than 35 countries and sales in approximately 125 countries.

Position Summary:
Position Summary:

The Global Product Manager - ANSI serves as a primary person responsible for the ANSI Pump products, which currently includes ANSI sealed and sealless (Mag Drive) products .

Position responsible for an annual revenue in excess of 200M

Essential Responsibilities:
Key Responsibilities:

• Drive lifecycle performance and profitability (gross margin) of a set of product lines. Grow product line in new profitable applications, market segments, and geographies. Recommend and/or assist in the development and deployment of "go-to-market" plans for products in partnership with Sales including internal\external product training and marketing materials.
• Overall global responsibility for product / solution family performance and product family contribution to include development of business cases and final decisions around target cost basis, margins, pricing, major projects, regional market entry / exit, and overall strategic direction for the product line and solution
• Provide commercial, technical, supply chain and financial leadership for product line to drive sustainable, profitable share growth including SIOP forecasts and pricing optimization across both baseline and project business.
• Responsible for full global product lifecycle for the assigned product families including new product development plans, product enhancements, regional market\localization priorities, maintenance plans / aftermarket penetration, and product discontinuation
• Responsible for collaborating with aftermarket team to establish spare part pricing and adjusting as the product's position changes in the lifecycle
• Ensures continued line of business portfolio balance and alignment with strategic / financial objectives via collaboration with strategy team and business development leaders.
• Provide product management leadership for assigned product families while working alongside cross-functional teams for sales, marketing, operations, Global Supply Chain (GSC) and R&D

Position responsible for an annual revenue in excess of 200M

Product Category Oversight:

• Develop and maintain annual "Product Plan" for assigned category including quarterly portfolio analysis and implementation of action plans targeted to improve portfolio profitability
• Responsible for collaborating with Sales to establish order forecasts for the product / solution family and coordinating with production / PRO Shops to ensure optimized facility utilization on a global and regional basis

Market Insight:

• Focal point on market trends, customer needs, and competitive intelligence for the assigned product category
• Maintains a strong understanding of ITT's markets, customer needs and competitive offerings

Collaborative Leadership:

• Cross-functional leadership entailing prioritizing of production, marketing, engineering, and operations resources; and design and management of key business metrics
• Develop, mentor, and guide junior employees, including succession planning for the product category

We seek candidates that hold competencies in strategic thinking, people leadership, product knowledge, business acumen, market knowledge, cross-functional collaboration.

Candidates must show proven success\growth in product family revenue, product family margins, market share, on-time performance.

Position Requirements:
Desired Experience:

• Experience in rotating equipment industry and manufacturing is preferable
• International experience is a plus

Education:

• Bachelors's in Engineering or Business
• Masters or MBA is a plus

Personal Attributes:

• Strong communication skills
• Influencing skills and "can do" attitude
• Self confidence and comfort in dealing with ambiguity
• Strong interpersonal skills
• Bias for action and commitment to success
• Logical and critical reasoning skills

Equal Pay Act Statement:
We aim to pay our 'ITT'ers' fairly and competitively in the locations that they live and work. Pay-for-performance is a principle that we believe in, and employees are rewarded based not only on 'what' they accomplish, but also on 'how' they reflect ITT's values. ITT offers a competitive salary and robust total rewards package, such as health insurance, 401(k), short and long-term disability, paid time off, growth and developmental opportunities, and other incentive compensation programs. Specific benefits are dependent upon whether or not the position is part of a collective-bargaining agreement. The salary offered to a candidate is based several factors such as candidate experience and qualifications, location, as well as market and business considerations.

Equal Pay Act Range:
Annual Salary Range $110,700 to $165,500 Plus Benefits and Incentive Plans.

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