Joe Coffey

Joe Coffey Email and Phone Number

CEO | Board Director
Joe Coffey's Location
Los Angeles Metropolitan Area, United States, United States
Joe Coffey's Contact Details

Joe Coffey work email

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About Joe Coffey

As an innovative and creative Fortune 100 business builder, I have a distinguished career and have successfully driven multi-million-dollar growth and two successful PE exits in the healthcare sector by developing and maximizing profitability and building or restoring market share in highly complex and competitive business climates, both domestically and internationally.I have consistently delivered growth for multiple Fortune 500 organizations by creating and executing sales and operational strategies that increased market share while reducing operational expenses and improving valuation.ACHIEVEMENT CATEGORIES REPRESENTED BELOW• Commercialization Leadership• Global Sales Excellence• Operational Leadership• Market Share Capture• Crisis Management• Business Transformation• International Segmentation• Sales Force Optimization• Sales Turnaround• Competitive Displacement• Go-To-Market Strategy• Segment Recovery

Joe Coffey's Current Company Details

CEO | Board Director
Joe Coffey Work Experience Details
  • Alternative Biomedical Solutions
    Chief Executive Officer, Alternative Biomedical Solutions Llc.
    Alternative Biomedical Solutions Feb 2022 - 2023
    CORPORATE PROFILE: A Value-Added Reseller (VAR) with 65 employees serving toxicology, criminal justice, cannabis analytical, and environmental testing segments.ALTERNATIVE BIOMEDICAL SOLUTIONS PROFILE: A portfolio company through Centre Lane Partners, with ~65 employees. RESPONSIBILITY PROFILE: I was responsible for a $26M Revenue goal and 4 direct employees, driving aggressive growth while restructuring commercial/operations organizations, as well as defining and executing against 5 Growth Pillars and ensuring focus and results. This growth strategy led to the strategic sale of ABS to Lighthouse Lab Services.ACHIEVED IN THIS ROLEMARKET EXPANSION• The company struggled through the pandemic as the target market was unable to conduct toxicology testing, marking the need for regrowth/evolution. 30 days after assuming the CEO role, I set out to expand services and mitigate risk. I personally gathered the leadership team to conduct a thorough business review, identified gaps/issues and discussed potential solutions. Drawing on ABS’ core competencies, I developed a new strategy to leverage strengths in other financially attractive business segments. These efforts proved valuable as revenue growth increased 8.9% YoY, talent retention/acquisition and organizational trust in leadership improved, and the company was able to attain complete stabilization.
  • Alternative Biomedical Solutions
    Chief Commercial Officer
    Alternative Biomedical Solutions 2020 - 2022
    RESPONSIBILITY PROFILE: I was responsible for a $26M Revenue goal and 9 employees, driving revenue and EBITDA, rejuvenating an underperforming commercial organization, and implementing new contracting, compensation, and brand strategies. As well as continuous engagement with key customers, OEMs, and industry stakeholders.ACHIEVED IN THIS ROLEGO-TO-MARKET STRATEGY• The CEO/Board of Directors challenged me to restore order after the commercial team failed to achieve goals. I set to re-imagine G2M, brand positioning, segmentation, distributor/OEM mix, and talent. I then presented action plans, timelines, and expected outcomes to the Board. Hired a new VP of Sales, removed 75% of the existing sales force, recruited new talent, revamped compensation plans, launched contract models, and selected a 3rd party digital branding partner to reinvigorate the product. This resulted in a 95% achievement of the 2021 topline stretch goal, a 482% improvement in margin growth, increased BOD/investor credibility, and led to my promotion to Chief Executive Officer.
  • Abbott Rapid Diagnostics (Formerly Alere)
    Vice President, Global Commercial Excellence, Cardio-Metabolic Business Unit
    Abbott Rapid Diagnostics (Formerly Alere) 2018 - 2020
    North Chicago, Illinois, Us
    CORPORATE PROFILE: A $21B Diversified global manufacturer of Nutritionals, Medical Devices, Generic Pharmaceuticals, and Diagnostic products RESPONSIBILITY PROFILE: I was responsible for a $300M Revenue goal, driving continuous improvement methods at every level globally. I was also accountable for achieving B.U. level margin objectives while visioning, leading, planning, and executing key strategic and tactical commercial initiatives.
  • Abbott Rapid Diagnostics (Formerly Alere)
    Vice President, U.S. Sales, Physician Diagnostics Group
    Abbott Rapid Diagnostics (Formerly Alere) 2016 - 2018
    North Chicago, Illinois, Us
    CORPORATE PROFILE: A $2.5B Global Professional Diagnostic Products/Services provider with 9,200 employees for infectious and cardiometabolic disease and toxicology. RESPONSIBILITY PROFILE: I was responsible for a $317M Revenue goal, 82 employees with 7 direct reports, and top 3 POL distributors. I was also responsible for leading sales to the physician's office, health promotion, and long-term and home healthcare markets. Developing strategies, forecasting volumes, and executing policies, objectives, goals, and programs.ACHIEVED IN THIS ROLESALES DEVELOPMENT / SEGMENT RECOVERY• I was tasked by the President of the Cardiometabolic Global Business Unit with the recovery of the U.S. sales of an essential molecular product missing sales target. I assessed and created a strategy that introduced new sales skills and techniques, leading marketing and training in deployment. This increased test utilization by 33% within 60 days of implementation. The sales skills development and training model is being rolled out to all other products and marketing teams.NEGOTIATION / COMPETITIVE DISPLACEMENT• I was challenged to improve deal ROI after competitive rhetoric and negotiation tactics eroded potential sales growth. I implemented a new negotiation strategy, discipline, and model with training for National Accounts teams. This drove positive ROI with documented $6M margin improvement on an ongoing basis. Subsequently, fundamental negotiation skills training was deployed to the entire POL sales force, resulting in $150K in new business within the first 2 weeks. Documented ROI led BU leadership to approve continued investment to deploy a negotiation model to multiple sales forces in 1H 2017.
  • Leica Biosystems
    Vice President Of U.S. Sales, Core Histology
    Leica Biosystems 2015 - 2016
    Nussloch, De
    CORPORATE PROFILE: A global leader in Workflow Solutions and Automation with 3,000 employees, providing anatomic pathology tools to clinical laboratories and researchers. RESPONSIBILITY PROFILE: I was responsible for a $120M Revenue goal, 8 direct reports, and 80 field sales assets with full P&L for developing and achieving annual revenue targets.ACHIEVED IN THIS ROLESALES RESTORATION• I inherited three consecutive years of missed targets (core histology consumables business), which led to an erosion of 5% –10% YOY sales. I then led a multi-functional problem-solving process and evaluated alternatives. Personally reconstructed the compensation plan to reward a CAP sale to motivate sales teams, conducted mid-year sales retraining, and led deployment with monitoring. These efforts stopped the financial “bleeding,” achieved the first YOY growth in over 3 years (Q2 2016), and initiated a growth process (2% YOY), which has tripled the base business protected by the CAP model within the first 120 days of the program.
  • Gallus Biopharmaceuticals
    Chief Commercial Officer, Sales & Marketing
    Gallus Biopharmaceuticals 2012 - 2014
    St. Louis, Mo, Us
    CORPORATE PROFILE: A $75M Contract manufacturer (CMO) with 330 employees, manufacturing mammalian cell-based active pharmaceutical ingredients (API) for the biotech and pharmaceutical industry, from clinical development through on-market commercialization. RESPONSIBILITY PROFILE: I was responsible for a $75M sales goal, a $4M SG&A budget, 1 SVP, 4 Sales Dir., a Proposal team, and 1 Sr. Marketing Mgr. to deliver all commercial strategy and tactics.ACHIEVED IN THIS ROLECOMMERCIALIZATION EXCELLENCE• I was recruited by the Board and commissioned to restore commercial effectiveness and to build the brand as corporate sales relied upon a single large account. I targeted, approached, interviewed, hired, trained, and mentored a new commercial team and created the infrastructure and strategic plan. Personally delivered sales and branding strategies and achieved a stable pipeline while pursuing Marquee Accounts; restoring sales trajectory in 30 days. The following are a few of the benchmarks.o Immediately refocused the team on high-margin business with improved EBITDA.o Tripled pipeline value and doubled sales closing rate within 90 days.o Personally closed 12 Marquee Accounts, including Genzyme and Symphogen.o Tripled previous year’s contracts and achieved desired customer diversification.• These events achieved an award-winning brand within two months of launch and energized the Board, which decided to seek and acquire additional capacity to accommodate the increased sales load. This ultimately led to the successful sale of Gallus to Patheon.
  • Baxter Healthcare
    Vice President, Sales, Biopharma Solutions
    Baxter Healthcare 2008 - 2012
    Deerfield, Illinois, Us
    BAXTER INTERNATIONAL PROFILE: A $15B company with 61,500 employees. Develops, manufactures, and markets products that save and sustain the lives of people with hemophilia, immune disorders, infectious diseases, kidney disease, trauma, and other chronic and acute medical conditions.BAXTER BIOPHARMA SOLUTIONS (HEALTHCARE) PROFILE: A $1B company with 2000 employees. Biotech & Pharma Contract Manufacturer (CMO) to support drug development & commercialization. Providing scientific expertise, sterile manufacturing, unique parenteral delivery systems, and customized support services.
  • Baxter Healthcare
    Senior Director, Sales, Biopharma Solutions
    Baxter Healthcare 2008 - 2008
    Deerfield, Illinois, Us
    RESPONSIBILITY PROFILE: I was recruited by the GM & VP of Sales. $1B goal, $5M budget, and 11 Director-level employees. I was responsible for creating and executing global B2B sales strategy (Pharma and Biotech) and developing/harvesting relationships with senior client executives.ACHIEVED IN THIS ROLESALES TURNAROUND - $386M TO $700M• I was recruited by the GM and VP of Sales at Baxter BioPharma Solutions (BPS) after multiple Baxter acquisitions and commissioned to grow revenue and achieve pre-tax margin objectives. I identified marketing, account management, training, and performance management issues. I then built a new go-to-market strategy and executed it within 60 days with a new focus on the US West Coast, EU, and Japan. Delivered a 3 pronged Sales Team Development Program with metrics and reviews. Sales trajectory was established and achieved 16.2% CAGR:o 2009 – 15% sales increase ($577.5M) and 34% margin increase (was promoted to VP Sales after this year)o 2010 – 9% sales increase ($629.4M) and 19% margin increaseo 2011 – 12% sales increase ($700M) and 29% margin increase• The results above demonstrated 3 consecutive record sales and margin growth years, nearly doubling sales (from $385M to $700M). Multiple Press Releases were given. The Division won the Frost & Sullivan Award and the Baxter Chairman’s Award as Business Unit of the Year.
  • Abbott
    Commercial Director, Asia Pacific, Abbott Diagnostic Division
    Abbott 2006 - 2008
    Abbott Park, Illinois, Us
    CORPORATE PROFILE: A $21B Diversified global manufacturer of Nutritionals, Medical Devices, Generic Pharmaceuticals, and Diagnostic products.
  • Abbott
    Sr. Director, Global Commercial Execution, Global Marketing, Abbott Diagnostics Division
    Abbott Dec 2004 - Mar 2006
    Abbott Park, Illinois, Us
  • Abbott
    Director, Strategic Marketing Services, International Marketing Abbott International Division
    Abbott 2002 - 2004
    Abbott Park, Illinois, Us
  • Abbott
    Director, Ebusiness, Abbott International
    Abbott 2000 - 2002
    Abbott Park, Illinois, Us
  • Abbott
    Corporate Manager, Sales, Abbott Healthsystems Division
    Abbott Sep 1997 - Jul 2000
    Abbott Park, Illinois, Us
    ACHIEVED WHILE CORPORATE MANAGER, SALES, ABBOTT HEALTHSYSTEMS DIVISION:• Worst to First: An under-performing IDN-focused enterprise sales team missed targets its first 2 years. Promoted to field role to lead teams in matrix organizational model to collaborate with 5 operating divisions for 7 targeted IDNs in 4 metro markets. Developed, nurtured, and leveraged existing relationships within IDN Boards and C-Suites to bolster sales. This drove the team to achieve annual goals for the first time while growing revenue at 19.6% CAGR and margin at 20.7% CAGR; ultimately achieving #1 position; winning awards and sustaining the model.
  • Abbott
    Marketing Manager, Healthsystems
    Abbott Jan 1996 - Sep 1997
    Abbott Park, Illinois, Us
    ·Developed marketing programs supporting cross-divisional IDN sales teams, managing 2 product managers and 2 support staff.·Led development of Corporate Selling Initiative launch for 120 sales executives.
  • Abbott
    Senior Hepatitis Product Manager
    Abbott Feb 1995 - Dec 1995
    Abbott Park, Illinois, Us
    -Worldwide product management of $268MM Hepatitis A & B lab test product lines.
  • Abbott
    Sr. Axsym Product Manager, U.S. Marketing, Abbott Diagnostics Division
    Abbott Dec 1993 - Feb 1995
    Abbott Park, Illinois, Us
    ACHIEVED WHILE SR. AXSYM PRODUCT MANAGER, U.S. MARKETING, ABBOTT DIAGNOSTICS DIVISION:• Crisis Management: The Senior AxSYM Product Manager resigned 45 days before a National Sales Meeting having not prepared for a significant launch. Worked aggressively to develop the launch and carried it out on time. A week later, an FDA warning Letter put the 20 assay launch on hold until June. Created the strategy to maintain existing commitments. Booked and sustained 95% of AxSYM orders in the process. This culminated in the successful launch; resulting 110% of 1st year target and blocking competitive threats.
  • Abbott
    U.S. Imx Product Manager
    Abbott Apr 1993 - Dec 1993
    Abbott Park, Illinois, Us
    -US product management and support of 9 regional Product Managers, with new placement programs that resulted in 1,247 net placements in 9 months.
  • Abbott
    Major Account Executive
    Abbott Oct 1991 - Apr 1993
    Abbott Park, Illinois, Us
    -Denver area $2.2MM territory within 14 major laboratory accounts. Achieved 38.75% territory growth.
  • Abbott
    Diagnostic Systems Specialist
    Abbott Apr 1989 - Sep 1991
    Abbott Park, Illinois, Us
    -Iowa-based geographic $1.5 million territory covering small to medium hospitals, clinics and physician offices.-Back-to-back President's Club winner with 135% growth per year.

Joe Coffey Skills

Strategy Product Launch Medical Devices Leadership Product Management Start Ups Pharmaceutical Industry Management Marketing Strategy Commercialization Sales Operations Business Development Market Analysis Strategic Planning Sales Management Biotechnology Product Development Competitive Analysis Sales Effectiveness Sales New Business Development Global Marketing Business Strategy Crm Market Development Negotiation Market Research Marketing Business Planning Commercialization Leadership Global Sales Strategy Training Executive Management Forecasting Program Management B2b Market Share Capture Team Leadership Sales Turnaround Talent Management Coaching Entrepreneurship Performance Management Asia Pacific Executive Level Selling Business Transformation Customer Relationship Management Business To Business Sales Force Effectiveness Large Account Sales

Joe Coffey Education Details

  • University Of Wisconsin-Madison
    University Of Wisconsin-Madison
    Economics

Frequently Asked Questions about Joe Coffey

What is Joe Coffey's role at the current company?

Joe Coffey's current role is CEO | Board Director.

What is Joe Coffey's email address?

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What is Joe Coffey's direct phone number?

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What schools did Joe Coffey attend?

Joe Coffey attended University Of Wisconsin-Madison.

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Joe Coffey has interest in Poverty Alleviation, Education, Children.

What skills is Joe Coffey known for?

Joe Coffey has skills like Strategy, Product Launch, Medical Devices, Leadership, Product Management, Start Ups, Pharmaceutical Industry, Management, Marketing Strategy, Commercialization, Sales Operations, Business Development.

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