Tom Schmidt
Executive Member @The Conference Board
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WORK HISTORY
Executive Member @The Conference Board
The Innovation Leadership Council is an invitation only body made up of 22 Chief Innovation Officers, SVPs, VPs and other select Sr. Executives from a wide range of Fortune 500 companies including 3M, Texas Instruments, Target, Caterpillar, Barclays and US Bank Corp, representing innovation and technology leadership across retail, technology, manufacturing, finance and other leading industry verticals.The Council’s activities are focused on tackling topical issues such as how to link innovation with business strategy, build a culture of innovation beyond process, embed sustainability/circularity, and driving digital/AI-enabled new business models. An additional focus is the production of research reports, toolkits and frameworks which can be applied within technology organizations across various industries. The Innovation Leadership Council also hosts monthly peer-to-peer roundtables and discussions and confidential sharing of best practices to help leaders solve real-world innovation challenges.
EDUCATION
Manhattan University
Master’s Degree, Computer Engineering
New York University
Bachelor’s Degree, Electrical & Computer Engineering
Stevens Institute of Technology
MBA, Management and Finance
MIT Sloan School of Management
Executive Finance & Business Strategy
Stevens Institute of Technology
Master of Technology Management, Technology Business Management
SKILLS
ABOUT TOM SCHMIDT
At Zebra Technologies, my current passion is leading a large global product management, architecture and R&D team focused on delivering large AI driven SaaS platforms and software applications for Mobile Computers and printers. I have successfully implemented a centralized data science function and shifted to an AI first software development approach, reducing the size of the R&D team by 60% in two years while increasing output by 40%. I have also opened a second R&D center in Brno, Czech Republic to compliment our main R&D center in Bangalore, India.I am an experienced transformational leader with a successful track record of digital, AI and organizational transformations across R&D, Product Management and Business Strategy within large and midsized hi-tech companies. Proven success with smaller product start-ups and large established product lines. Adapt at small team and large organizational management and leadership, having led combined projects of over $175M, controlled annual R&D budgets of more $45M, and led professional teams of over 165 technical and business specialists and industry leaders.I am passionate about technology and its application to solve business and real world problems. I’m most productive working in a high-energy environment with talented people who I can lead and inspire. My greatest professional joy comes from seeing my direct reports succeed and grow. but yes I do love to beat the pants off the competition. Who I work for, and who I work with is important to me, as is giving back to my community.Perviously, as a Sr. Director at Cisco, I directed Product Management, Engineering & Business Strategy teams across engineering, marketing, testing, financial analysis and product & portfolio strategy. Key projects included the development of a custom-built test automation platform, the introduction of new product lines, the design of software based subscription products, the development of non-linear pricing models and the implementation of innovative product configuration engines that enabled major expansions to the product portfolio. Notable achievements include the reengineering of a $500M Product and Services portfolio that resulted in a 15% increase in bookings and decreased in COGS of 8%,and the standardization of a methodology used for new product development that reduced time to market by over 10%.
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