The Chairperson will lead the strategic direction, board governance, financial growth, and market expansion for MAGIC AI, ensuring its success and preparing for exit opportunities.
Key Responsibilities & Success Metrics
The below is not an exhaustive list and the ideal candidate would not necessarily need to tick all 4 items. This is our preferable:
1. Strategic Leadership & Governance
- Objective: Steer MAGIC AI towards a successful exit within X years
- Key Results:
- Facilitate the development and approval of a comprehensive 3-year strategic plan within the first 6 months.
2. Board Effectiveness & Oversight
- Objective: Enhance board performance and governance standards.
- Key Results:
- Attendance in monthly (transitioning to quarterly) board meetings.
- Implement a board evaluation.
3. Financial Performance & Capital Strategy
- Objective: Support the executive team in achieving financial and customer usage growth targets.
- Key Results:
- Oversee the attainment of the 100% year-over-year revenue growth (as forecasted in our Financial Model)
- EBITDA profitability by YE 2025.
- Assist in future funding rounds, intros, and process (if necessary)
4. U.S. Market Expansion
- Objective: Leverage industry connections to establish MAGIC AI's presence in the U.S. market.
- Key Results:
- Facilitate partnerships or collaborations with wellness and fitness providers in the respective market or assist with the GTM strategy.
Requirements
- Industry Expertise: Demonstrated success in the connected fitness industry, consumer technology, consumer health & wellness, or AI computer vision applications with direct consumer engagement.
- Track Record: Experience leading companies through IPOs or significant M&A transactions, with a deep understanding of the associated challenges and opportunities.
- US Market Experience: Strong ties to the US market, with experience navigating its unique business landscape and regulatory environment.
- Leadership: Proven ability to lead diverse boards, fostering collaborative decision-making and strategic alignment.
Commitment: Availability to dedicate approximately 1-2 days per month to MAGIC AI, including attendance at scheduled Board meetings.
Benefits
- Impact: An opportunity to shape the future of connected fitness and wellness technology on a global scale.
- Appropriate Remuneration
- Equity Share Option Grant
- Growth: Be part of a dynamic, high-growth company with a clear path to significant market expansion and financial milestones.
- Collaboration: Work alongside a passionate and talented team committed to excellence and innovation.
MAGIC AI London, England Office
115 Coventry Road, Pillbox Studios, London, United Kingdom, E2 6GG
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