Job Description:3M Health Care is now SolventumAt Solventum, we enable better, smarter, safer healthcare to improve lives. As a new company with a long legacy of creating breakthrough solutions for our customers' toughest challenges, we pioneer game-changing innovations at the intersection of health, material and data science that change patients' lives for the better while enabling healthcare professionals to perform at their best. Because people, and their wellbeing, are at the heart of every scientific advancement we pursue.
We partner closely with the brightest minds in healthcare to ensure that every solution we create melds the latest technology with compassion and empathy. Because at Solventum, we never stop solving for you.
Position SummaryThe
Manager of Portfolio Execution will facilitate the planning and execution of acquisitions and divestitures. As part of the Strategy & Corporate Development organization, this role is critical to ensuring seamless integration / separation planning and execution across the business and all functional teams. As member of the central IMO or SMO, this role will support alignment, governance, and operational excellence to achieve transaction milestones and value creation. Responsibilities will include the following:
Acquisition Integration Planning & Execution:- Coordinate integration and separation activities across functional teams with a focus on value creation and business continuity
- Support the development and maintenance of detailed integration and separation plans, timelines, milestones and deliverables
- Support the planning, execution and monitoring of integrations, ensuring acquisitions achieve deal model metrics and key milestones
- Track progress against key milestones and identify risks, dependencies, and issues requiring resolution or escalation
- Support governance processes, including steering committees and functional and workstream leadership
- Be a strong carrier of the Solventum brand and values in engagement with deal partners
Cross-Functional Collaboration:- Establish a strong working relationship with the business (Sales, Marketing, R&D etc.) and functions (Finance, Global Supply Chain, Regulatory, Quality, HR, IT, etc.) to:
- Create a clear plan for execution (integration / separation master tracker)
- Identify and track interdependencies, key risks, roadblocks, or lacking alignment early and provide visibility to leadership
- Help drive accountability for milestone achievement
- Provide tools, templates, and thought leadership to facilitate effective processes
Communication:- Excel at verbal and written communication with program stakeholders at peer level and above
- Support development of clear communication of integration / separation planning, jointly with Communications and other functions
- Facilitate and prepare information sharing between functional teams and with executive leadership
- Assist in preparation of materials for governance reviews, steering committees, and executive updates
Performance Tracking:- Track and monitor KPIs and milestones for integration success
- Support quarterly report creation for Executive Leadership Team on progress toward goals and mitigation plans when off track
- Contribute to integration post-mortems and incorporate lessons learned into playbook and processes
Divestitures and Separations:- Support separation planning and execution, aiming to ensure business continuity and achieving set separation targets (revenue growth, cost synergies, retention / hiring, operational integration objectives e.g., systems onboarding, etc.)
- Help coordinate Transitional Service Agreements (TSAs) and manage the exit process and timelines, in close collaboration with the TMO
Other Corp Dev:- Partner with the broader Strategy & Corp Dev Team (Business Development, Corporate Strategy) to support other inorganic growth initiatives
- Support continued enhancement of M&A execution methodologies, tools, templates, and training materials
Your Skills and ExpertiseTo set you up for success in this role from day one, Solventum requires (at a minimum) the following qualifications:
- Bachelors Degree and 5+ years of overall professional experience in the Health Care industry or adjacent industries, in roles in Commercial Strategy, Corporate Development, or Transformations
- Proven track record supporting complex, cross-functional projects in a global environment
- Outstanding project / program management, communication and stakeholder management skills
Additional qualifications that could help you succeed even further in this role include:
- Advanced degree (e.g., MBA or related field)
- In-depth knowledge of the M&A / Divestiture process with proficient understanding of business, financial, accounting, legal, and tax principles
- Strategic Consulting background
- Proven track record managing complex deals and investments
- Experience in healthcare, medical devices, or other regulated industries
- Knowledge of Solventum's businesses or market spaces including wound care, infection prevention, surgical solutions, dental, or health information systems
- Ability to thrive in an action-oriented and high accountability environment
- Exceptional strategic thinking and analytical ability
- Excellent written and verbal communication skills with experience presenting to executives
Work location: Remote
Travel: 10-15% domestic and international
Relocation Assistance: Not authorized
Must be legally authorized to work in country of employment without sponsorship for employment visa status (e.g., H1B status).Supporting Your Well-beingSolventum offers many programs to help you live your best life - both physically and financially. To ensure competitive pay and benefits, Solventum regularly benchmarks with other companies that are comparable in size and scope.
Applicable to US Applicants Only:The expected compensation range for this position is $163,200 - $224,400, which includes base pay plus variable incentive pay, if eligible. This range represents a good faith estimate for this position. The specific compensation offered to a candidate may vary based on factors including, but not limited to, the candidate's relevant knowledge, training, skills, work location, and/or experience. In addition, this position may be eligible for a range of benefits (e.g., Medical, Dental & Vision, Health Savings Accounts, Health Care & Dependent Care Flexible Spending Accounts, Disability Benefits, Life Insurance, Voluntary Benefits, Paid Absences and Retirement Benefits, etc.). Additional information is available at: https://www.solventum.com/en-us/home/our-company/careers/#Total-Rewards
