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INNOVO Talent Management


Position Title:
Corporate Entrepreneur, Retail Innovation Vehicle
INNOVO Innovation Ltd.
UK, mainland Europe, USA
US$230k + on target stock options: US$3 million



INNOVO Retail Innovation Vehicles

A Retail Innovation Vehicle (IV) is independently funded with access to $’00m of capital and is set up by INNOVO Innovation alongside a multi-$bn corporate retailer. The IV immediately connects and leverages the corporate’s customers, brand, operations and infrastructure with a stream of proven external innovations, new products, new technologies and new income streams. INNOVO’s financial operations are to be handled by one of the ‘Big 4’ accountancy firms and audited by another of the ‘Big 4’ giving INNOVO global reach immediately. Although INNOVO is headquartered in the UK, its operations are international and its transactions are in US$. A Vehicle with a $10bn retailer partner is projected to have revenues of $650m and high profits because the external innovations are proven and deployed immediately at corporate scale.

Role of the Corporate Entrepreneur

The Vehicle is led by a CEO with a small team of Corporate Entrepreneurs with a passion for innovation who will be fully supported by INNOVO’s resources. You will be credible to a major retailer as well as to large-scale institutional investors interested in investing $’00m. As a Corporate Entrepreneurs, you will take proven innovations and new technologies from INNOVO’s many sources and deploy the most promising ones at the major partner for an uncapped fair share of the value that they add. Having negotiated the IV’s share of the cost savings or increased sales with corporate partner, you then execute the deployment of the innovation, new product or new technology. Besides its major corporate partner, you will also help to build a base of medium sized companies as customers for the innovations and new technologies. The rapid growth of the IV presents extraordinarily fast career development for you. Indeed, there is no limit to the growth that your IV can pursue. It can reach down the retail supply chain and set up its own portfolio of corporate IVs with major suppliers. This enables vertical innovation right down the supply chain as the retailer IV collaborates with supplier Innovation Vehicles.

The Person

As an INNOVO Corporate Entrepreneur, you will develop an entrepreneur’s mindset coupled with experience as a senior corporate executive. You represent the best talent from the corporate world who thrive at the leading edge of change and innovation. You are ambitious and highly driven, often frustrated with the constraints of the corporate treadmill and impatient with internal politics. Corporate Entrepreneurs are self-starters who drive the projects that they believe in.

The Rewards

The total remuneration package is derived from tech giants and Silicon Valley but leveraged by the immediate scale of a multi-$bn corporate retailer. The initial remuneration is $230k p.a. of salary and contingent pay. Additionally, there uncapped share options are offered which are derived from the value that you create in your IV. The value of share options that you can earn is projected to be $3 million at the initial discounted valuation rising to $30 million by the end of year three. Each IV has its own share trading platform enabling shares and share options to trade on an ongoing basis. 10% of INNOVO’s revenues goes to good causes so your work can also make a difference.

Two-Way Selection Process

We are recruiting the next 5 CEOs for Retail IVs in the UK, mainland Europe and the USA. The role of an INNOVO CEO and the way we work is very different from a corporate environment. The nearest equivalent corporate role is that of Chief Innovation Officer but with much more commercial autonomy. We have found that prior corporate seniority is not a reliable guide to finding ideal CEOs. Acquiring the mindset of a corporate entrepreneur is a skill-set that is learned and it can require unlearning several aspects of traditional corporate thinking. We see recruitment as a two-way process and so we offer a remunerated two-way selection process that enables you and us to mutually explore working together. You can work with us in this initial process, part-time or full time, and start achieving your primary objectives as a prospective CEO. Whether you go on to join us as or not, we will remunerate you for the objectives achieved.

Objective: Introduce corporate retailers and medium-sized companies to INNOVO.
Remuneration: Receive a share of INNOVO’s income from each introduced organisation as an Affiliate.

Objective: Recruit talent either for your own team or to join INNOVO.
Remuneration: Receive a commission equivalent to 10% of the introduced Executives first 12 months’ income.

Objective: Introduce investors. Nearly all entrepreneurs have to learn how to raise investment.
Remuneration: The commission for introducing investors is 2.5% in cash plus 5% in the shares that the investor bought at the investment share price. We can support you in all these activities. When both you and we are ready to engage, you can join us as CEO of a Retail IV with all the accrued remuneration already flowing. If on the other hand, either of us decides not to proceed, you would still receive your accrued remuneration.

As a new Corporate Entrepreneur with the primary objectives in place or underway, you can create your long-term strategy for the sale of innovations, new products and new technologies into corporates. You can also put the financial and operational management for your Retail Innovation Vehicle in place.

Respond to:

Please respond with your up to date CV/Resume/Executive Profile to Ian M. Franklin, Global Head of Talent, INNOVO Innovation: This email address is being protected from spambots. You need JavaScript enabled to view it. After initial screening, shortlisted candidates will be invited to an initial 90 minute on-line interview with the Company's CEO and the Global Head of Talent.

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