FOX Factory, Inc. – VP of Strategy & Corporate Development – Braselton, Georgia (30517)
About the Company:
For over three decades, FOX has been an industry leader in the design and development of high performance shock absorbers and racing suspension products for snowmobiles, mountain bikes, motorcycles, ATVs, UTVs, off-road cars, trucks, and SUVs.
In 1974, Bob Fox started racing his products in motocross and we haven't stopped racing since. FOX has equipped vehicles and racers that have stood atop podiums in every sport we have competed in — from the sands of Baja to the dunes of Dakar.
Our team of engineers perform rigorous tests with our athletes year round. The data we collect from performance testing and our application of that knowledge to our product is what separates FOX from every other suspension company.
The VP Strategy & Corporate Development reports directly to the CEO and will be responsible for working closely with the CEO, the Board’s Executive Chair and members of the Company’s senior management team to gain an operational understanding of their businesses to better envision, develop, vet and facilitate the adoption and planning of the Company’s long-term, strategic direction. The VP Strategy & Corporate Development will also play an integral role in identifying, vetting, linking-to-the-strategy and leading M&A activities on behalf of the businesses.
He/she will lead the strategy development process which will include facilitation of the strategy discussions with the executive and senior management teams and with the Board of Directors and will support a structured strategic planning process.
By working with the leaders of FOX’s operating groups, he/she will translate that strategy to a set of actions including M&A objectives; will conduct landscape studies to identify relevant acquisition targets; engage targets in negotiations and transaction structuring; develop strategic presentations and financial valuation models for target companies; and manage transactions, including coordinating due diligence and maintaining effective communication with business group leaders. He/she will also engage with operational management to develop the initial integration plan.
Additionally, he/she will be help provide analyses and growth strategies to individual business groups and divisions within FOX’s portfolio of businesses.
The VP Strategy & Corporate Development will also be responsible for managing the FOX venture investments and portfolio.
Responsibilitiesinclude but not limited to:
The role requires interaction with managers and staff at all levels of the organization and candidates must be comfortable leading discussions with the CEO and direct reports, the Executive Chair and the Board of Directors. He/she must have the ability to influence within a matrixed organization and work with and develop relationships with team members from all corners of the organization to ensure goals are achieved and consensus gained. The role requires the ability to work on multiple work streams and manage projects while providing clear thinking and hands-on guidance to cross-functional team members.
The ideal candidate will be a structured and analytical thinker; a self-starter and have a high level of personal effectiveness; be able to interact with a wide range of internal clients and partner functions and have interest in our end markets.
Corporate Strategy Responsibilities:
Working closely with the CEO and senior business leaders, lead, develop and implement enterprise-wide strategic planning with a focus on sustainability in growing the FOX group of brands that drive shareholder value through identifying and prioritizing potential business opportunities and evaluating potential partnerships and/or M&A activities.
Collaborate with business group leadership to ensure their strategies correlate with the overall corporate strategy.
Guiding end-to-end strategy development adjusting existing strategies based on changes in the competitive environment.
Lead cross-functional teams to identify, evaluate and execute critical strategic priorities and action against these priorities through strategic long-range business planning and performance management.
Establish rigorous, disciplined and systematic processes to track, monitor and communicate projects.
Develop and implement solutions that meet the needs of the newly transformed business supporting operational integration beyond acquisition.
Monitor, track and interpret industry, competitive and innovate trends that can impact FOX by analyzing competitive intelligence from sources across the groups and translate it to meaningful implications towards risk management.
Cross-Company Interaction Responsibilities:
Work jointly with the CEO and group Presidents in making presentations to the leadership team, the Board of Directors and key external resources on strategic matters pertaining to corporate strategy.
Incite discussions and debate across the organization on key strategic issues to generating creative ideas and opportunities.
BS Degree in Business or Engineering + MBA
Minimum of 7 years' direct experience in corporate strategic development, business development, strategic planning, investor relations, finance or related fields
Demonstrated experience working in a fast-paced environment where results matter
Passion for the industry and the potential strategic options for FOX
Engineering experience in the industrial/automotive/powersports sectors a plus
Well-grounded in pragmatic approaches to negotiation and in structuring of deals
Highly-developed communication skills with the ability to present to varied stakeholders
Ability to lead cross-functional teams and to provide expert, project management support
Demonstrated ability to complete quantitative and qualitative analysis and financial models
Intermediate to advanced skills in Microsoft Excel and Power Point
Minimum of 5-7 years of corporate development experience (M&A, Financial Transactions, etc.)
Ability to identify and successfully navigate obstacles and handle multiple work streams under tight time constraints
Ability to travel globally to all FOX locations and target companies, up to 60% of the time
Internal Number: 1600
About FOX Factory, Inc.
For over three decades, FOX has been an industry leader in the design and development of high performance shock absorbers and racing suspension products for snowmobiles, mountain bikes, motorcycles, ATVs, UTVs, off-road cars, trucks, and SUVs.In 1974, Bob Fox started racing his products in motocross and we haven't stopped racing since. FOX equipped vehicles and racers have stood atop podiums in every sport we have competed in — from the sands of Baja to the dunes of Dakar.Our team of engineers perform rigorous tests with our athletes year round. The data we collect from performance testing and our application of that knowledge to our product is what separates FOX from every other suspension company.