Vice President of Procurement

$150M CPG Manufacturer

The company is an established leader in the pharmaceutical skincare industry, specializing in the development, manufacturing, distribution and custom branding of quality products around the globe
The company sources packaging and raw materials globally which it then manufactures into premium skincare products sold worldwide
The company was faced with increased supply chain pressures, rising raw material costs, and process challenges in new product development
Beckway was retained to upgrade the Procurement function and secure a new leader

The Procurement VP position is a strategic role to enable the company’s further growth, scale, and procurement sophistication
With solid and continuous accelerated growth, organically and through acquisitions, the company’s history, increased scale, and complexity has required new talent, leadership, vision and strategy in the procurement function
For the right candidate, this role affords an opportunity to define the role of procurement within the organization from supporting very important new product development projects, ensuring daily execution and transactions to have what is needed when needed keeping a high service level for our customers, to improving profit margins through sound strategic sourcing approaches and key initiatives to achieve lower total cost of ownership

The search was completed in 116 days after reaching out to 361 candidates and conducting 55 interviews
The candidate hired was previously the supply chain and procurement leader at a start-up beverage business that was grown from $0 to a $5B exit to Coca-Cola
Created consensus between the CEO, COO, and private equity operating partner on the specification, requirements, and ultimate hire