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INNOVO Talent Management

 

Position Title:
CEO Retail Innovation Vehicle
Company:
INNOVO Innovation Ltd.
Location:
UK, mainland Europe, USA
Remuneration:
US$308k + US$4 million projected stock options

 

 

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 CEO

The Vehicle is led by a CEO who is a ‘mover and shaker’ 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 CEO, you will build and lead your team of Corporate Entrepreneurs who 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. You negotiate the IV’s share of the cost savings or increased sales with corporate partner and then lead the execution of innovation deployment. Besides its major corporate partner, you will also 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 and the best talent that you can attract as a result. Indeed, there is no limit to the growth that your IV can pursue. You can reach down the retail supply chain and set up your 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

You and your team of Corporate Entrepreneurs will develop an entrepreneur’s mindset coupled with experience as a senior corporate executive. They represent the best talent from the corporate world who thrive at the leading edge of change and innovation. They are ambitious and highly driven, often frustrated with the constraints of the corporate treadmill and impatient with internal politics. CEOs 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 $308k 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 $4.3 million at the initial discounted valuation potentially rising to $43 million by the end of year 3. 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 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.

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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Location:

4th Floor

One Kingdom Street

Paddington, London

W2 6BD

 

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