Paul Falkenstein
Perkasie,PA
Summary
Experienced Senior R&D and Commercial Excellence leader with a strong background in innovation and product development, R&D Operations, productivity and efficiency efforts, building and leading highly effective teams, managing complex cross-functional and cross-business unit projects, leading due diligence and integration efforts, and achieving strategic objectives. Excels in developing efficient processes and driving cost savings, ensuring high standards, and aligning efforts with organizational goals. Known for collaborative approach, talent management, highly motivated teams, and commitment to excellence.
Overview
18
18
years of professional experience
Work History
VP Research Center Ireland and R&D Operations
Becton Dickinson
04.2019 - Current
- Lead a team of 400 scientists and engineers at our Enterprise R&D facility in Limerick, Ireland representing 5 business units and 3 Centers-of-Excellence.
- Responsible for delivering on key project milestones, achieving 92% milestone delivery and delivering approximately $41M in tax credits and savings from FY21-FY25.
- Built and maintained critical capabilities in strategic alignment with the business units to accelerate project start up. Developed a robust, dynamic, and vibrant culture achieving an average of 4% attrition or less per year.
- Lead a team of 7 R&D Operations associate that manage and analyze the collective BD R&D Portfolio, provide portfolio valuation, recommendations, and strategic insights for BD Executive Team.
- Collect, maintain, and analyze R&D Portfolio Metrics and provide forward-looking insights into overall Portfolio health.
- Lead a rigorous and robust effort on continuous improvement for our Innovation, Product Development, and Sustaining Engineering activities leading to more efficient and effective systems.
- Manage key third-party R&D vendors to augment product development efforts and enacted cost-savings programs generating $172M from FY21-FY25
Senior Director Enterprise R&D Operations
Becton Dickinson
04.2016 - 04.2019
- R&D Integration Leader for both the CareFusion and Bard acquisitions. Directly responsible for delivering a combined $46M in synergies and cost-savings from FY15-FY19.
- Responsible for evaluating and identifying R&D "best practices" for standardizing and harmonizing across NewCo.
- Developed strategies and actions for the global R&D footprint and worked with the business units to transfer programs to more cost-effective locations.
- Led a cross-functional team to identify and build two new Enterprise R&D locations in Limerick, Ireland and Bangalore, India.
- Directly responsible for working with business units to shift work to these centers upon completion. Both locations were filled to maximum capacity within 4 years, exceeding business case expectations.
Sr. Director Corporate Strategic Innovation Group
Becton Dickinson
10.2012 - 04.2016
- Lead all aspects of the BD Innovation System ensuring comprehensive organizational and structural alignment and system adoption.
- Worked with Senior Leadership in each Business Unit to identify and implement innovation leaders, increasing innovation program throughput by approximately 50%.
- Responsible for evaluating and leading the development of cross-business innovation initiatives, maintaining analysis on our innovation pipeline, and facilitating the Innovation and New Product Development Committee comprised of BD Senior Leadership.
- Received the PDMA's Corporate Innovation Award for Innovation Excellence
Vice President Cell Therapy Enablement
Becton Dickinson
10.2010 - 10.2012
- Responsible for the strategic, operational, and financial execution of BD's Cell Therapy Enablement Program. Achieved annual targeted sales of approximately $50M at full implementation.
- Direct oversight of 12 associates in sales, marketing, R&D, and Regulatory to identify and execute on business objectives and strategies.
- Worked with cross-functional and cross-business unit leaders to identify portfolio and customer needs, prioritize product and business development initiatives, and launch new product platforms.
Vice President Product and Portfolio Processes
Becton Dickinson
10.2007 - 10.2010
- Reporting directly to the Chief Technology Officer, and working at the direction of the BD Operating Committee, responsible for the implementation and execution of the Global Product Development System, Technology Development Process, and Portfolio Development Process for all BD.
- Led and implemented the standardization of key processes, tools, templates, documentation, training, and interfaces to other BD processes in Quality and Regulatory.
- Frequent interaction with key senior leadership at the BD and Business Unit level. Provided comprehensive analysis of the BD Portfolio and strategic recommendations for accelerated growth.
- Managed and led a team of 10 PMO Leaders across the company to drive best practice adoption and facilitate product development acceleration.
- Reduced total-time-to-market in aggregate by approximately 20%
Education
Master of Arts - Intelligence Studies
American Public University
Charleston, WV06-2019
MBA - Strategic Management
Rider University
Lawrenceville, NJ06-1992
Bachelor of Science - Biochemistry
Rider University
Lawrenceville, NJ02-1989
Skills
- Innovation and product development execution
- Efficiency, productivity, and continuous improvement
- Strategic portfolio analysis
- Leading highly impactful cross-functional, cross-business unit Teams
- Due diligence and integration
Timeline
VP Research Center Ireland and R&D Operations
Becton Dickinson
04.2019 - Current
Senior Director Enterprise R&D Operations
Becton Dickinson
04.2016 - 04.2019
Sr. Director Corporate Strategic Innovation Group
Becton Dickinson
10.2012 - 04.2016
Vice President Cell Therapy Enablement
Becton Dickinson
10.2010 - 10.2012
Vice President Product and Portfolio Processes
Becton Dickinson
10.2007 - 10.2010
Master of Arts - Intelligence Studies
American Public University
MBA - Strategic Management
Rider University
Bachelor of Science - Biochemistry
Rider University