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At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Innovative Medicine and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow, and profoundly impact health for humanity. Learn more at https://www.jnj.com

Job Function:

Strategy & Corporate Development

Job Sub** **Function:

Mergers, Acquisitions & Divestitures

Job Category:

People Leader

All Job Posting Locations:

New Brunswick, New Jersey, United States of America, Raritan, New Jersey, United States of America, Titusville, New Jersey, United States of America

Job Description:

Johnson & Johnson is currently seeking a Senior Director, Divestitures to join our Innovative Medicine Business Development team. This role will be based in one of our New Jersey locations (New Brunswick, Raritan, Titusville).

At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Innovative Medicine and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow and profoundly impact health for humanity. Learn more at https://www.jnj.com/ .

The Senior Director, Divestitures, is a key member of the J&J Innovative Medicine Business Development team, leading the established products divestiture team, including direct management for a team of two direct reports. This role leads end-to-end process and strategy for critical divestitures, driving opportunities from identification, through partner negotiations, and culminating in transition of programs to external parties. The Senior Director, Divestitures drives our divestiture strategy, leveraging a wide range of cross functional resources to enable a productive and succession transaction process. Importantly, this role will partner closely with partners including Established Products, Supply Chain, Regulatory, Commercial, Clinical, Medical Affairs, Finance, Pharmacovigilance and others. The Senior Director Divestitures will report directly to the Vice President of Acquisitions & Divestitures.

J&J Innovative Medicine Business Development is a part of Johnson & Johnson Innovation LLC, which is working to accelerate scientific innovation at all stages of development worldwide to deliver cutting-edge solutions that solve unmet needs for patients. Johnson & Johnson Innovation provides scientists, entrepreneurs, and emerging companies with one-stop access to the broad resources of the Johnson & Johnson Family of Companies. This includes access to dealmakers, through the innovation centers located in global life science hot spots and Johnson & Johnson Innovation – J&J Innovative Medicine Business Development; venture investment, through Johnson & Johnson Innovation – JJDC; company incubation, through Johnson & Johnson Innovation, JLABS; as well as R&D, manufacturing, and commercialization expertise.

We are J&J Innovative Medicine. Our mission drives us. Our patients inspire us. We collaborate with the world for the health of everyone in it.

Key Responsibilities:

+ Champion, lead, and develop strategies/tactics for timely divestitures of Established Products brands/assets. This includes partnering closely with global & regional colleagues that support these brands, as well as our critical functional partners (i.e. finance, legal, supply chain, etc).

+ Function with high degree of autonomy in all critical aspects of divestiture execution and negotiation. This includes:

+ Create and maintain robust portfolio of buyer pools, leveraging various technology tools and applications.

+ Lead all critical partner interactions, including initial partner outreach, deal negotiations, all key elements of due diligence , integration planning, and ultimately deal execution.

+ Development of key divestiture documents/materials, including confidential information memorandums, deal pitch presentations, and internal documents (i.e. Appropriations requests)

+ Key tactical responsibilities include managing virtual data rooms, organization of clean sheeting processes, identifying and resolving key risks/challenges to deal execution, etc.

+ Leadership of regular senior leadership updates and team meetings, to include:

+ Lead monthly updates with externalization business development team

+ Regular participation and leadership of cross functional divestiture council meetings

+ Leadership, guidance, and regular updates to management on deal progress

+ Serve as a single point of contact for functional areas on global and regional deals. This will include establishing key partnerships across the businesses, and in the deal teams to deliver on objectives

+ Function as resident expert on key externalization processes. This includes providing insights and guidance to the broader Innovative Medicine Business Development team for externalizations beyond direct scope of responsibility

+ Development of robust and compelling presentation materials for senior leadership, turning detailed analytics into thorough, comprehensive divestiture recommendations; strong communication skills will be critical to success in this capacity

+ Currently, this role is directly responsible for leading a team of two direct reports

Qualifications

BA/BS minimum requirement; MBA preferred but not required

+ Minimum of 10 years of relevant business experience required

+ Healthcare or Pharmaceutical experience is required

+ Experience in M&A and/or licensing is preferred

+ Experience supporting divestitures preferred

+ Experience with business analytics preferred

+ Excellent project management, communication, and presentation skills are required.

+ Ability to work collaboratively and effectively in cross-functional teams

+ Experience in communicating and influencing a broad variety of business leaders, both internally and externally and with varying levels from functional personnel to senior leaders

+ Ability to manage complexity within matrix management is required.

The anticipated base salary for this role: $173,000-$299,000

Johnson & Johnson Family of Companies are equal opportunity employers, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, genetic information, national origin, protected veteran status, disability status, or any other characteristic protected by law.

Johnson and Johnson is committed to providing an interview process that is inclusive of our applicants’ needs. If you are an individual with a disability and would like to request an accommodation, please email the Employee Health Support Center ([email protected]) or contact AskGS to be directed to your accommodation resource.