Head of Procurement (Virtual Position)

Job Title: Procurement Director

Location: Remote (Must live within a 25-mile radius of a venue)

Chief Financial Officer

The Procurement Director is responsible for leading the strategic sourcing, supplier management, commercial optimization, and procurement transformation agenda across F1® Arcade globally.

The role will develop and implement a procurement function that delivers measurable value through cost optimization, supplier innovation, risk management, governance, and operational excellence across all markets.

As F1® Arcade continues its international expansion, the Procurement Director will establish scalable procurement frameworks, category strategies, supplier governance models, and sourcing processes that support growth while maximizing commercial value and mitigating risk.

A key component of the role will be driving procurement maturity across the business, embedding category management disciplines, enhancing supplier performance management, improving spend visibility, and positioning procurement as a strategic business partner across the organization.

Reporting to the Chief Financial Officer, the role will work closely with Executive Leadership, Operations, Finance, Development, Legal, Technology, Marketing, and People teams to ensure procurement strategies support F1® Arcade's growth ambitions and long-term business objectives.

Establish and lead a structured category management framework, including spend analysis, supplier segmentation, sourcing pipelines, risk assessment, and performance measurement.

Build a multi-year procurement and sourcing roadmap aligned to F1® Arcade's global growth

Leverage market intelligence and industry trends to deliver innovation, competitive advantage, and enhanced supplier value.

Ensure procurement activities and supplier agreements align with Formula 1 licensing requirements, strategic partner obligations, brand standards, and contractual commitments.

Procurement Transformation & Governance

Establish best-practice procurement processes, governance frameworks, policies, and

Implement category management methodologies, supplier relationship management programs, and contract lifecycle management

Drive adoption of procurement technologies, spend analytics tools, reporting capabilities, and sourcing

Improve procurement visibility, compliance, commercial discipline, and decision-making across the

Develop and maintain procurement policies and procedures that support a scalable global operating

Strategic Sourcing & Commercial Leadership

Lead complex sourcing initiatives, supplier selection exercises, and commercial negotiations for strategic and high-value spend

Negotiate and implement robust commercial agreements, service level agreements, performance frameworks, and risk mitigation

Develop and manage strategic supplier partnerships across global

Establish supplier governance frameworks including performance scorecards, quarterly business reviews, executive supplier forums, and innovation

Collaborate with suppliers to drive continuous improvement, innovation, sustainability, and enhanced customer experiences.

Monitor supplier performance, financial stability, compliance, and business continuity

Create a supplier ecosystem capable of supporting rapid international growth and operational

Partner with Commercial, Marketing, and Legal teams to ensure suppliers support the delivery of Formula 1 partner activations, sponsorship commitments, and licensed brand requirements across all

Ensure procurement activities support project timelines, budget objectives, and quality

Develop scalable supplier partnerships capable of supporting multi-region expansion

Stakeholder Engagement & Business Partnership

Act as a trusted commercial advisor to the Executive Leadership Team and senior

Partner with Finance, Legal, Operations, Marketing, Technology, Development, and People teams to develop sourcing strategies and commercial

Support business cases, investment decisions, and strategic initiatives through commercial analysis and procurement

Promote procurement as a strategic business partner that drives value beyond traditional cost

Build a culture of commercial accountability, supplier governance, and value-driven decision-making throughout the

Define performance metrics and objectives that align procurement outcomes with business

Collaborate closely with Commercial, Marketing, and Legal teams to embed Formula 1 partner obligations, sponsorship requirements, and brand standards into sourcing strategies, supplier selection, and contract

10+ years of value-driven procurement and strategic sourcing experience within a complex, multi-site, international

• Proven success leading procurement transformation and maturity improvement
• Strong commercial negotiation, contract management, and supplier governance
• Exceptional stakeholder management skills with experience influencing senior executives and board-level

Bachelor's degree in supply chain management, Business, Finance, or related

MCIPS, CIPS, CPSM, ISM, or equivalent professional procurement

Experience supporting international expansion and development

Experience within hospitality, entertainment, experiential brands, or food and beverage

Delivery of measurable cost savings, cost avoidance, and value creation across managed

Successful implementation of category strategies aligned to business

Improved procurement governance, compliance, and spend

Strong supplier performance, innovation outcomes, and service

Procurement recognized as a strategic business partner by senior

Increased supplier consolidation and commercial leverage across the US

Successful delivery of procurement strategies that consistently support Formula 1 licensing requirements, partner commitments, and brand compliance across all markets.

Strategic Procurement Leadership

Procurement Transformation

Commercial Negotiation & Contracting

Travel & Work Requirements

Ability to travel globally up to 70% of the

Financial & Commercial Acumen

Data-Driven Decision Making

Risk Management & Governance

Ability to work a minimum of 40 hours per week, with flexibility to support global business operations across multiple time

The team member will frequently sit for short periods of time, talk via Cloud Based video conferencing and the phone often, and hear and manipulate objects constantly.

Lifting from floor to shoulder constantly and overhead infrequently. Frequent hand washing and sanitation is required. Ability to use knives, slicing equipment, and other food preparation equipment. All applicants will be considered for employment without attention to race color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.