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Lead Product Manager

Job in Norwood, Norfolk County, Massachusetts, 02062, USA
Listing for: Illinois Tool Works
Full Time position
Listed on 2026-10-09
Job specializations:
  • Management
    Corporate Strategy, Operations Management
  • Business
    Corporate Strategy, Operations Management
Job Description & How to Apply Below
Job Description:

We are seeking a Lead Product Manager to lead our product management team in building and executing a global product roadmap that ensures sustainable differentiation and maintains a balanced portfolio of core and new products to drive growth in target markets. This role will manage and coach a team of product managers across all 5

Ps while collaborating closely with cross-functional and project teams throughout product development and lifecycle processes. The position also supports Instron leadership on business segment strategies and ensures effective collaboration with global sales to drive regional activities and marketing plans focused on maintaining Instron’s high level of customer satisfaction and market differentiation.

Primary Responsibilities:

Product & Innovation Strategy Translate segment portfolio strategy into key product strategies across all machines, accessories, software, services, and adjacent offerings. Identify, evaluate, and prioritize new product, application, service, and market opportunities. Lead customer-back innovation initiatives that transform customer insights into validated growth opportunities and compelling business cases. Champion opportunity assessment and investment decisions through Instron's innovation and development processes. Partner with Segment Management and Engineering teams to ensure product roadmaps align with customer needs, market trends, and segment growth objectives.

Guide portfolio decisions that balance growth, profitability, customer value, and strategic differentiation. Manage the entire life cycle of products from product definition to launch, upgrades, obsolescence and product refreshes.  Define and develop product launch strategies aligned with the go-to-market plan.  Own products commercial performance including revenue, cost and margin performance, as well as quality and customer satisfaction. Develop and implement pricing strategies for product offerings, including promotional pricing.

Manage pricing to achieve business objectives throughout the product lifecycle. Establish and track key performance metrics and lead regular business reviews to ensure accountability and execution. Team Leadership Coach and develop a high performing team of product managers across our technology platforms: machines, accessories, and software. Establish clear objectives, performance expectations, and development plans for team members. Foster a culture of accountability, customer focus, collaboration, and continuous improvement.

Develop organizational capabilities in market intelligence, customer insight generation, portfolio management, and strategic planning. Promote knowledge sharing and cross-functional collaboration throughout the organization. Knowledge, Skills & Abilities Exceptional leadership, communication, influence, and interpersonal skills. Strong strategic thinking, business planning, analytical, and problem-solving capabilities. Demonstrated ability to translate market insights into successful growth strategies and business results. Strong understanding of industrial manufacturing, engineering applications, materials testing, capital equipment, or related technical industries.

Proven experience leading cross-functional initiatives and influencing organizational decisions. Experience developing business cases, growth strategies, market assessments, and portfolio strategies. Strong commercial acumen, including understanding of revenue growth, profitability, pricing, market share, and return-on-investment principles. Experience operating within a global business environment. Passion for technology, innovation, and customer success. Education & Experience Bachelor's degree in Engineering, Materials Science, Business,…
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