Senior Product Manager

Company Description

Fortune Brands Innovations, Inc. is an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives. Our driving purpose is that we elevate every life by transforming spaces into havens. We believe our work and our brands can have incredibly positive impacts for not just our business and shareholders, but for people and the planet, too. When you join Fortune Brands, you become part of a high-performing team who are empowered to think big, learn fast and make bold decisions. We support an inclusive and diverse culture where everyone is encouraged and empowered to be their authentic selves, and where our differences and unique perspectives are a key strength. Explore life at Fortune Brands here

Job Description

As a Product Manager at Master Lock, you’ll be the subject matter expert for our safety product portfolio, with a focus on major retail channels. You’ll oversee the full product lifecycle—from strategic planning and market research to product launches and phase-outs—ensuring our solutions help individuals and businesses protect people, property, and peace of mind.

This role is pivotal in shaping the future of personal and workplace safety, including lockout/tagout devices, safety lock boxes, and other compliance-driven solutions. You’ll collaborate across departments to develop and execute a 3-year product roadmap, drive revenue and margin through strategic pricing, and ensure our offerings align with Master Lock’s mission to deliver trusted safety solutions.

Position location: This position is eligible for a hybrid schedule based out of Deerfield, IL. Effective mid-2025, Fortune Brands will transition to a new world-class campus in Deerfield, bringing together associates from across our U.S. offices, brands, and functions. The campus will offer vibrant workspaces for collaboration, along with amenities for dining, onsite daycare, fitness and recreation.

Responsibilities

• Develop long range strategic plans with annual updates for product, channel, process, and business opportunities. Focus needs to be on leveraging existing and creating new protected value.
• Plan and manage new product development projects through the entirety of a stage-gate process. Develop NPD objectives, strategies and timelines to maximize market share growth and profitability.
• Drive category captain leadership with external customers by leveraging analytics/insights for our markets, end users and channels. Collaborate with sales, finance, and revenue growth management teams to execute product line reviews and assortment updates.
• Deliver on P&L targets for assigned product categories.
• Manage the full lifecycle for the assigned portfolio from NPD through obsolescence and inventory disposition.
• Leverage and drive market research and consumer understanding to identify new product opportunities, willingness to pay, positioning, purchase triggers, and decision making. Market research spans qualitative and quantitative from customer VOC to segmentation studies to concept testing and field trials.
• Plan product line pricing, pricing strategy and manage profitability in line with business objectives.

· Collaborate with Brand, Channel Marketing, Digital and Commercialization teams to support development of sales assets, public relations campaigns, and advertising activities.

· Train internal and external customers on products, marketing programs and business developments. Communicate regularly with field sales associates with occasional travel to key accounts and end users.

· Respond to daily customer and field sales inquiries, requests, and concerns.

· Develop library and database of relevant markets and competitors and complimentary offerings, identify and assess potential acquisitions or market expansions.

Qualifications

• Experience in LoTo Safety Industry is required.
• Experience in Product Management of manufactured products is required.
• A bachelor’s degree in business or engineering is required. An MBA is highly desirable.
• Practical knowledge and experience with the new product development process.
• Minimum of 7 years of relevant experience in product management, marketing or engineering, preferably in a manufacturing and/or consumer durables setting.
• Ability to interpret and leverage insights from pro forma and other financial analysis tools is required.
• Highly collaborative, flexibility and communication skills.
• MS Office suite, Oracle
• Occasional travel required (up to 15%).

Additional Information

Fortune Brands believes in fair and equitable pay. A reaso