Product Manager

Company Description

ITW (NYSE: ITW) is a Fortune 200 global multi-industrial manufacturing leader with revenues totaling $16.1 billion in 2023. The company’s seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITW’s approximately 46,000 dedicated colleagues around the world thrive in the company’s decentralized and entrepreneurial culture.

Hi-Cone, a division of ITW, is a leading global supplier of ring carrier multi-packaging systems for the Alcohol & Non-Alcoholic Ready to Drink (NARTD) beverage markets, providing sustainable secondary packaging solutions to major Consumer Packaged Goods (CPG) companies. Hi-Cone is looking to change the way the world sees secondary multipackaging for the beverage industry. If you would like to lead the development of our next generation of innovative multipackaging solutions, then you might be the perfect candidate for this newly created role.

Salary Range for this position is $95K - $125K. Must have experience cradle-to-grave product management experience with a physical product. Digital product management experience will not be considered. 

Job Description

Are you passionate about sustainability and innovation? Join our team as a Product Manager – Sustainable Products and lead our division's growth through strategic portfolio development. We are looking for a dynamic individual who can navigate market needs, customer expectations, and the evolving environmental landscape to drive sustainable product initiatives.

Key Responsibilities:

New Product Development:

• Lead and manage the entire New Product Development (NPD) process, from concept to launch, utilizing frameworks like StageGate.
• Gather and apply voice of customer (VOC) insights and industry data to create innovative products that meet global regulatory and NGO standards.
• Oversee new product rollouts, including volume forecasting, market tests, internal training, and communication plans.
• Develop comprehensive business cases for new product innovations and enhancements.
• Project manage through the stage gate process using ITW’s approved framework.

Product Portfolio Management:

• Support and execute the strategy for managing Hi-Cone’s existing portfolio of carriers and machines.
• Analyze product category performance and collaborate with divisional leaders to enhance sales and profitability.
• Improve profitability through pricing and obsolescence initiatives, and support capacity planning efforts.
• Assist in long-range and annual planning, focusing on SKU rationalization, pricing, promotions, and product mix optimization.

Commercial Execution:

• Develop and implement go-to-market strategies and launch plans for key customers.
• Collaborate with third-party suppliers and co-developers to identify and bring new product concepts to market.
• Partner with the commercial team to communicate updates and articulate the value proposition to key customers.

Value Proposition for Sustainability:

• Define and communicate the product line’s value proposition, ensuring competitive positioning.
• Develop and execute product marketing activities for novel solutions.
• Lead the preparation of Life Cycle Assessment (LCA) analyses for customers, reinforcing Hi-Cone’s Sustainability Value Proposition.
• Represent Hi-Cone to customers, partners, and external stakeholders as a sustainability advocate.

Qualifications

• Bachelor's degree in engineering, business, marketing, or a related field.
• 3-5+ years of experience in product management and product launches of a physical product. 
• Exceptional organizational, negotiation, project management, and presentation skills.
• Flexibility and agility in handling unexpected events.
• Ability to lead cross-functional teams without direct authority.
• Competence in managing multiple priorities in a fast-paced environment.
• Proven track record with ITW’s customer-back innovation framework.
• Based on-site at Hi-Cone’s Itasca, IL headquarters (Chicago suburb), with up to 20% travel.

Additional Information

At Hi-Cone, we are committed to sustainability and innovation. You will have the opportunity to shape the future of sustainable products while working in a collaborative and dynamic environment. If you are driven by making a positive environmental impact and excel in product and project management, we want to hear from you!

Apply now to become a key player in driving our sustainable product initiatives forward.

Additional Information

If you work for us, here is a very short list of what you can expect from us:

• Predictable Schedule
• Competitive Health, Dental, and Vision Insurance with low monthly payments.
• Life Assistance Program with a variety of services and discounts.
• Basic Life Insurance for you and your dependents provided by ITW with additional Insurance available.
• Short and Long Term Disability paid for by ITW.
• 401K plans with Company match.
• ITW Provides a Gift and Volunteer Match Program for charities of the employee’s choice.
• Scholarship Programs to help your children succeed!

ITW is an equal opportunity employer. We value our colleagues’ unique perspectives, experiences and ideas and create workplaces where everyone can develop their careers and perform to their full potential. 

As an equal employment opportunity employer, ITW is committed to equal employment opportunity and fair treatment for employees, beginning with the hiring process and continuing through all aspects of the employment relationship. 

All qualified applicants will receive consideration for employment without regard to race, color, sex, gender identity, sexual orientation, religion, national origin, age, disability, protected Veteran status or any other characteristic protected by applicable federal, state, or local laws.