Avery Dennison Venture Director in Mentor, Ohio
Avery Dennison Corporation (NYSE: AVY) is a global materials science and digital identification solutions company that provides branding and information labeling solutions, including pressure-sensitive materials, radio-frequency identification (RFID) inlays and tags, and a variety of converted products and solutions. The company designs and manufactures a wide range of labeling and functional materials that enhance branded packaging, carry or display information that connects the physical and the digital, and improve customers’ product performance. The company serves an array of industries worldwide, including home and personal care, apparel, e-commerce, logistics, food and grocery, pharmaceuticals and automotive. The company employs approximately 36,000 employees in more than 50 countries. Reported sales in 2022 were $9.0 billion. Learn more at www.averydennison.com.
At Avery Dennison, some of the great benefits we provide are:
Health & Wellness benefits starting on day 1 of employment
Paid parental leave
Flexible work arrangements
Employee Assistance Program eligibility / Health Advocate
Paid vacation and Paid holidays
The Venture Director is responsible for driving our global corporate venture capital program. You will be responsible for the full investment cycle, from sourcing to negotiating the investment agreements, for further strengthening our engagements with the startup and venture ecosystem, and for developing partnerships that will accelerate our strategies through venture-capital type equity investments. In addition, you will work closely with our business unit leadership teams and our open innovation group to build commercial relationships with our portfolio companies that will accelerate our strategies. This role is a key member of the strategy and corporate development team. You will need to demonstrate an in-depth understanding of our business and core technical capabilities, real passion for identifying and developing new technologies, ability to link technology to business trends, and build strong relationships in the ecosystem. This leader works cross-functionally within R&D, Procurement, Legal, Strategy & M&A and Marketing teams in each region to:
Develop key relationships within the startup ecosystem, venture capital funds, etc. and execute our venture investment strategy
Develop a robust pipeline of high potential startups that can fill technology/capability gaps at Avery Dennison, and drive investments and commercial pilots that will accelerate our strategy
Source, evaluate (lead due diligence), negotiate, and execute (including presenting to our executive investment committee) on investment opportunities that present both strategic relevance for Avery Dennison and potential for successful returns on invested capital
Represent Avery Dennison as a Director/Observer on the boards of our portfolio companies and monitor and support companies’ growth and strategic projects related to the portfolio
Drive market and ecosystem learning and help incorporate these into the business teams to assure value gathering and further shape our business strategy
Promote strong working relationships between divisional businesses and the venture team to build and promote innovation capability and create strategic value
Bring external qualified market intelligence from the venture community by monitoring and prioritizing a broad scope of external and industry trend and competitor information; use this to identify inputs to our strategy
Build external network with startups, academia, venture-capital, etc to assure Avery Dennison gets access to key technologies, best potential investments, and authorities in our field
7+ years' experience as a venture capital investment professional (with industrial tech and materials investment, as well as corporate venture capital experience a strong plus).
Prior experiences in entrepreneurship, engineering, line business, strategy and/or enterprise innovation ranging across multiple fields preferred.
Demonstrated transaction and board experience with a track record of leading and executing deals at all startup stages
Excellent project leadership skills in multi-functional team settings; able to lead a team without hierarchical authority against challenging deadlines.
Demonstrated capabilities in assessing opportunities and evaluating the attractiveness of new technologies and tech investments - both quantitatively and qualitatively.
Strong technical depth and breadth within Avery Dennison technologies & adjacencies to assess opportunities.
Strong presentation, influence and negotiation skills
Strong business and financial acumen
Strong networking skills internally and externally
Comfortable working in a global, matrixed organization
Great communication, responsiveness, organization and execution skills
Team first, can do attitude and self starter mentality
Travel Requirements: 50%
The salary range for this position is $190,000 - $250,100 / year.
The hiring base salary range above represents what Avery Dennison reasonably expects to pay for this position as of the date of this posting. Actual salaries will vary within the range, and in some circumstances may be above or below the range, based on various factors including but not limited to a candidate’s relevant skills, experience, education and training, and location, as well as the job scope and complexity, responsibilities, and regular and/or necessary travel required for the position, which may change depending on the candidate pool. Avery Dennison reserves the right to modify this information at any time, subject to applicable law.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability, protected veteran status or other protected status. EEOE/M/F/Vet/Disabled. All your information will be kept confidential according to EEO guidelines.
If you require accommodations to view or apply for a job, alternative methods are available to submit an application. Please contact (440)534-6000 or NA.TA.Operations@averydennison.com to discuss reasonable accommodations.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability, protected veteran status or other protected status. EEOE/M/F/Vet/Disabled