Chairperson

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.

• 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.

• 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.