AdresseOverview
Danaher Corporation
Danaher (NYSE: DHR) is a global science and technology innovator committed to helping customers solve complex challenges and improve quality of life around the world. It’s portfolio of operating companies and world class brands have unparalleled leadership positions in some of the most demanding and attractive industries, including life sciences, medical diagnostics, environmental and applied solutions. With over 25 major operating companies, Danaher drives growth both organically and inorganically through M&A.
Danaher has a diverse team of over 80,000 associates united by a common culture and operating system, the Danaher Business System (DBS). DBS serves as our ultimate competitive advantage and has evolved from a collection of manufacturing improvement tools into a philosophy, set of values, and series of management processes that collectively define who we are and how we do what we do.
In 2022, Danaher generated ~$31.5B in revenue. The company is ranked #130 on the Fortune 500 and during the past 20+ years, Danaher stock has outperformed the S&P 500 Index by more than 2,000 %. For additional company details, see www.danaher.com.
The New Company
Veralto
On September 14, 2022, Danaher announced its intention to separate its Environmental & Applied Solutions segment to create an independent, publicly traded company. The new company will be called Veralto and will be comprised of an outstanding collection of market-leading brands in Danaher's Environmental and Applied Solutions (EAS) segment: Hach, ChemTreat, Trojan, OTT HydroMet, and McCrometer from Danaher's Water Quality Platform and Videojet, Esko, X-Rite Pantone and Linx from the Product Identification Platform. The EAS segment generated revenue of approximately $4.8 billion in 2022 and has a global team of approximately 16,000 associates. As stewards of the world's most vital resources, Veralto will help ensure billions of people have safe food, water, and medicines every day. With a strong Danaher heritage, the Veralto team will continue to deliver trusted expertise to solve its customers' most complex workflow challenges. Its culture of continuous improvement will be codified in the Veralto Enterprise System, which is derived from the Danaher Business System. Veralto will be headquartered in Waltham, Massachusetts, and intends to apply to list its common stock on the New York Stock Exchange under the symbol VLTO.
In 2016, Danaher separated its industrial segment and stood up Fortive (NYSE: FTV), creating the separate public entity that has since progressed further in its industry segment and seen significant revenue growth and stock value since separation from Danaher. Danaher also separated its dental segment Envista (NYSE: NVST) in 2019, creating another separate public entity that will continue to see future value. Both companies were driven by the same strong core values and foundations provided by the Danaher Business System and Danaher's associates are pursuing a focused strategy aimed at creating a premier stand-alone EAS company as well. The diversified EAS company will be comprised of existing Danaher companies that are leaders in their markets, including: Hach, ChemTreat, Esko, Linx, McCrometer, Trojan, Videojet, and X-Rite.
About the role:
Vice President - Veralto
Location: Boston, MA
Onsite with flexibility
The treasury leader will join a unique environment: a new and highly dynamic
$ 4.7B industrials company with 20% OP and a mandate to grow. The new treasury leader will play a vital role as the company ramps up global acquisition activity and moves rich targets through the M&A pipeline. Immediate challenges will include complexities of separation from Danaher and partnering
Responsibilities will include, but not be limited to:
- Recommend capital structure to management & Board of Directors
- Provide input to the CFO on key financial policies, e.g. dividend policy, leverage targets.
- Execute global debt and equity transactions to finance company operations
- Liase with credit ratings agencies
- Maintain and develop bank relationships to attract capital, leverage purchasing power, and respond to business needs globally. Arrange and negotiate revolver and other bank financings.
- Oversee investment of company’s investments globally, including cash deposits. Execute open market purchases of toe hold investments or share repurchases, as warranted by company objectives.
- Formulate treasury management and other financial policies;
- Lead or provide support on special projects;
- Travel both domestically and internationally as needed, estimated 10%.
Selection criteria The ideal candidate will bring world-class expertise in global banking, capital markets, and corporate finance principles. He or she will be a first-class treasury professional with excellent experience placing debt in global markets and building strong relationships with bankers. EMEA-based experience and relationships will be highly relevant. A leader and relationship manager, the final candidate will have excellent interpersonal and communications skills with external and internal contacts.
We expect the right person will have a minimum of 8 years of work in corporate finance or banking within a Fortune 500 company setting. We require a bachelors degree in Accounting, Finance, or Economics, with an MBA or CTP preferred. In addition, the best candidates will have the following traits:
- Strong quantitative and analytical skills paired with a “roll up the sleeves” style that gets things done through collaboration and hard work;
- Leadership demonstrated through hands on involvement and team management practices including the development of staff and others toward improved skills, independence, and initiative;
- Strong vendor management skills including contracting, metrics, issue resolution, budget management, and driving continuous improvement.
- Oriented towards goal-setting, metrics and results with the ability to establish a strong sense of responsibility, accountability, and enthusiasm among the teams with which he/she interacts;
- Continuous improvement mindset and alignment with EASCo’s Leadership Anchors;
- A track record of sound financial and business judgment, strategic impact, and broad financial and business acumen across prior organizations.
The successful candidate will also possess the following characteristics:
- Self-Directed – Able to spearhead initiatives, initiate solutions, translate plans into specific actions across a team, and execute with urgency.
- Values-Oriented – Comfortable working within a collaborative business environment in general and within a culture that is values-based, customer-centric, process-oriented, and results-driven.
- Influential – A credible subject matter expert and domain leader able to influence business leaders, shape industry standards, and create followership by internal teams.
- Impeccable Integrity – Embodies and practices world-class ethical standards. Creates an environment of trust by acting with fairness and consistency, keeping commitments, and providing rationale for decisions.
- Intelligence – Demonstrates strong intellectual capabilities and aptitude when synthesizing complex data and strategic issues. Possesses superb communications, analytic, and organizational skills.
- Teamwork – Contributes to highly integrated teams through effective communication, clear direction, and steadfast follow-through. Earns the confidence of partners through sound judgments in an environment of shifting initiatives and priorities.
- Ego Maturity – A highly motivated, seasoned, and self-assured leader with high confidence in his or her superior professional skills and ability to drive decisions with equanimity and a humble demeanor.
#LI-PD1
When you join us, you’ll also be joining Danaher’s global organization, where 80,000 people wake up every day determined to help our customers win. As an associate, you’ll try new things, work hard, and advance your skills with guidance from dedicated leaders, all with the support of powerful Danaher Business System tools and the stability of a tested organization.
Danaher Corporation and all Danaher Companies are committed to equal opportunity regardless of race, color, national origin, religion, sex, age, marital status, disability, veteran status, sexual orientation, gender identity, or other characteristics protected by law. We value diversity and the existence of similarities and differences, both visible and not, found in our workforce, workplace and throughout the markets we serve. Our associates, customers and shareholders contribute unique and different perspectives as a result of these diverse attributes.
The EEO posters are available here.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment. Please contact us at applyassistance@danaher.com to request accommodation.
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