Full-Time

Director – Innovation

Posted on 9/5/2024

Ritual

Ritual

11-50 employees

Produces traceable, high-quality multivitamins

Biotechnology
Healthcare
Consumer Goods

Compensation Overview

$91k - $150kAnnually

+ Equity + Generous Benefits

Mid, Senior

Hollywood, Los Angeles, CA, USA

Hybrid position requires in-office presence.

Category
Public Health
Biology & Biotech
Requirements
  • BS/BA, preferably in the Business or Marketing field. MBA preferred.
  • 3+ years experience as a leader of complex cross-functional projects.
  • Innovation, Product Marketing and Development, Brand Management, or Entrepreneurship experience
  • Proven ability to lead and sell cross-functionally
  • CPG new product development and introduction experience strongly suggested.
  • VMS experience is a plus
  • Experience with financial assessment exercises
  • Consumer Insights experience is a plus.
Responsibilities
  • Lead and inspire cross-functional teams in the development of new women's wellness supplements, from initial concept through to commercialization.
  • Partner with the Project Management Office to shape project timelines, mitigate risks, and ensure clear communication.
  • Craft inclusive and clear briefs to empower all teams, from Creative to Packaging Engineering.
  • Serve as the central point of contact, fostering collaboration and alignment among all stakeholders throughout the innovation process.
  • Collaborate with the Consumer Insights team to conduct comprehensive research, identifying trends, consumer insights, and the competitive landscape.
  • Use this data to pitch new products and develop a forward-thinking innovation roadmap.
  • Analyze market data to forecast market size, revenue potential, and ROI for new product launches.
  • Work closely with Finance, Sales, and Brand Marketing teams to establish cost targets and pricing strategies that align with our strategic goals.
  • Partner with scientific and technical teams to translate complex scientific concepts into compelling and accessible consumer-facing ideas and claims that resonate with diverse audiences.
  • Build and nurture strong relationships across various teams, including Project Management, Scientific Affairs, Regulatory Affairs, Product Development, Brand Marketing, Sales, Impact, and Creative, to collaboratively ensure the success of each project.
  • Foster a culture of continuous learning and innovation by exploring new formulas, advanced delivery technologies, and unique value propositions.

Ritual produces high-quality multivitamins that are traceable and designed for health-conscious individuals, including women, men, and expectant mothers. Their products are formulated using essential nutrients and are vegan-friendly, gluten-free, and non-GMO. Ritual stands out from competitors by providing a fully transparent supply chain, disclosing ingredient sources and supporting studies, which appeals to consumers who want to know what they are consuming. The company operates on a direct-to-consumer model, selling through its website with options for individual purchases or subscription plans for regular deliveries. Ritual's goal is to promote health and wellness through reliable and scientifically-backed vitamin supplements.

Company Stage

Series B

Total Funding

$39.4M

Headquarters

Sunnyvale, California

Founded

2015

Growth & Insights
Headcount

6 month growth

15%

1 year growth

25%

2 year growth

-11%
Simplify Jobs

Simplify's Take

What believers are saying

  • Successful clinical trial of Sleep BioSeries™ Melatonin boosts consumer trust and product expansion.
  • Collaboration with EigenLayer positions Ritual at the forefront of AI-driven health applications.
  • Bold marketing campaign with Giant Spoon strengthens brand identity and emphasizes transparency.

What critics are saying

  • Increased competition from personalized nutrition companies could challenge Ritual's market share.
  • Partnership with Nillion may expose Ritual to risks of unproven technologies.
  • Entry into sleep supplement market requires significant marketing to compete with established brands.

What makes Ritual unique

  • Ritual offers a fully traceable supply chain, rare in the nutraceutical industry.
  • The company emphasizes scientific rigor, using research to formulate essential nutrient vitamins.
  • Ritual's direct-to-consumer model ensures steady revenue and fosters customer loyalty.

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