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Magic AI is hiring a

Chairperson

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London, United Kingdom
Posted 2 months ago
92 views

Job Description

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.
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Salary Information

Salary: $80,000 - $120,000

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