Ventyx

  www.ventyx.com
  www.ventyx.com

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Ventyx Reviews

131 Reviews
2.2
131 Reviews
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Recommend to a friend
Approve of CEO
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Jens Birgersson
13 Ratings
  1. 3 people found this helpful  

    Weak leadership, high attrition at senior management levels, and poor integration with parent company. Uncertain future!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Ventyx full-time (more than 5 years)

    Pros

    - Breadth of exposure to different products and customers.
    - Growth industry and high barriers to entry for small players. Few competitors in the market.
    - Industry is expected to grow at 10-12% per year ($7 US billion industry in 2014) and Ventyx has less than 8% market share.
    - Diverse pool of talent at the technical level (software, power systems, electrical).
    - Potential product offering and cost synergies with ABB.

    Cons

    - Over the last year, stock price of parent company depreciated by over 25%.
    - Multiple rounds of layoffs and low employee morale.
    - Weak leadership team, no integration office, lack of vision and strategy.
    - Not a "winning" nor performance culture, bureaucratic processes implemented by parent company undermining entrepreneurial mindset.
    - No CEO to lead the company as if the Board (ABB) is preoccupied with other non-Ventyx priorities.
    - Changing competitive landscape in the T&D business as GE Energy Management builds up on Alstom's existing European and Asian installed-based.

    Advice to ManagementAdvice

    Polarized politics, power struggles between Ventyx and parent company and high attrition of key executive positions (CEO, CFO, EVP) lead to a dysfunctional and unhealthy organization. While there is still time to turnaround the company, I suggest the appointment of an experienced leadership team capable of championing an organizational change.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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