Shardul Shah
Co-Founder @ VeritosAI
About
About Global procurement and transformation executive with over 20 years of experience leading complex, international supply chains across medical devices, automotive, and industrial sectors. Most recently, I served as Global Vice President and Chief Procurement & Transformation Officer at Abbott Diabetes Care, with full accountability for approximately $3B in annual direct and indirect spend. In that role, I led large-scale procurement and operating-model transformations that delivered over $750M in gross-margin synergies, while supporting sustained 30%+ year-over-year growth through disciplined category management, supplier strategy, and global footprint optimisation. My career spans senior leadership and advisory roles at Abbott, Volkswagen, Renault-Nissan, McKinsey & Company, and Ford, combining hands-on operating leadership with deep experience in margin management, growth enablement, and supply-chain risk. Today, I am the Co-Founder of VeritosAI, an AI-driven intelligence layer that transforms Bills of Materials into a strategic asset. VeritosAI enables executive teams to move beyond static cost control toward proactive margin management, automated KPI tracking, and multi-tier supply-chain risk visibility, supported by a proactive AI assistant embedded directly into decision workflows. In parallel, through International Reach LLC, I advise a select group of medical-device and technology companies—working directly with executive teams and boards to improve EBITDA, strengthen resilience, and scale responsibly. While building VeritosAI, I remain open to the right senior operating or transformation leadership opportunities where deep procurement, supply-chain, and margin expertise can drive meaningful enterprise impact—particularly in environments requiring scale, complexity management, and disciplined growth.
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United States
Medical Device
Data Science, Artificial Intelligence (AI), Risk Management, Operations Management, Business Planning, Data Analysis, Accounting, Account Management, Financial Analysis, Business Analysis, Life Sciences, Drive Change, Operational Excellence, Procurement, Strategic Sourcing, Cross-functional Team Leadership, Project Management, International Negotiations, Capacity Planning, Supplier Relationship Management
Experience

Co-Founder
San Francisco Bay Area
VeritosAI is an Intelligence Layer for your Supply Chain. It transforms your Bill of Materials into a strategic advantage with AI-powered risk assessments and automated KPI tracking increasing revenue opportunities and reducing operational costs. And introducing Paul your proactive AI assistant. Growth EBITDA (Margin management) Risk visibility and mitigations https://veritosai.com/

Advisory Board Member
United States
Who is NEXA Mobile? They are a Miami-based company that designs enterprise mobility solutions. Robert Morcos the CEO and Founder, started NEXA Mobile 14 years ago without any investment into one of the fastest-growing tech companies in America. Today, they’re working with iconic partners like Google, MediaTek, and T-Mobile to provide enterprise-grade solutions for some of the world’s biggest brands. Why enterprise mobility? Almost every industry is evolving and adopting new digital technologies. From telehealth and remote patient monitoring to self-serve kiosks in fast-food restaurants – the need for mobility solutions is growing. Companies like Social Mobile are fueling this transformation, and from my conversations with Robert and his team… they are a leader in this space. #transformation #NEXAmobility #advisoryboard #enterprisemobility

Founder & CEO
San Francisco Bay Area
I have dedicated my efforts at International Reach LLC to empowering medical device technology companies to achieve their strategic goals. • Advising five companies, driving growth and enhancing risk management strategies. • Collaborating with clients generating up to $10 billion in annual revenue, ensuring tailored solutions. • Collaborating and developing strong relationships within the industry, leading to impactful partnerships and initiatives.

Vice President/Chief Procurement & Transformation Officer - Abbott
London, United Kingdom & San Francisco Bay Area
Global Vice President/Chief Procurement Officer – Abbott Diabetes Care (ADC) • Management of 5 Direct reports of $3B of Global Direct and Indirect Spend. • Gross Margin focused: Delivering $750 million in synergies by introducing category management, eliminating redundancies, reducing material costs, and driving maximum utilization of economies of scale and global foot print utilization. • Growth mindset: supporting 30% year over year growth since 2019 (increase of >$7B in sales); expanding from 1 TPM and 1 internal site to 12 TPMs and 3 internal sites • Supply risk resilience: Improved supply resilience to support growing business, introducing cross functional project review committees to speed validation activities, fast track value add value engineering opportunities • Digital tools usage: Implemented Digital enhancement tools to stream-line business planning (integrated business planning), improve analytics (i.e. spend, savings, should costs, risk factors, supplier scorecards), improve collaboration and monitoring (project management tools), as well as to improve simple buying steps. • Consultative approach: that provides expert, authoritative advice to complex stakeholder groups and effectively influence and impact all aspects of contracting and procurement strategies and practices. Inform strategic and operational plans through sharing of external industry and supplier insights and best practices, data and analytics, cost price analysis and modelling. • Lead with impact: focused on improving voice of the employee by actively adapting to differing employee styles

Global Director - Distributor Optimization/Channel Value, EMEAP/LATAM Procurement & Transformation
London, Greater London, United Kingdom
Responsible for channel value management globally, and direct and indirect procurement within EMEAP and CALA regions, supporting Global CPO efforts to transform procurement, and build a sustainable globally networked procurement team. Completed transformation of Commercial procurement supporting international affiliate offices. Team successes included: • Training and development of existing workforce, and incorporating new talent to pull team to meet various goals • Created cross functional procedures and governance by creating playbooks to capture margin/revenue opportunities • Channel Value management, $81.7MM in identified opportunity, $31MM captured in 2018 • Indirect savings of $11.1MM against an identified opportunity of $24MM (i.e. fleet, commercial placements, commercial distribution) • Incrementally rolled out various tools to leverage and promote operational excellence through: • Employing basic business plan tools to teach and lead buyers to consolidate supply base, and create a true supplier relationship management approach • Introducing Continuous Improvement (Kaizen) Tools (i.e. Monozukuri, a philosophy focused on “Excellence in everything we Do”, much like Lean Sigma) • Utilizing specific Negotiation tools (Benchmarking, Business Bundling) • Increasing technical and procurement Collaboration (Value Add/Value Engineering)

Expert - Supply Chain, Operations, Procurement Transformation
New York, NY and London, UK
Specializing in Operations advisory services. As an Expert I delivered innovative solutions to clients across various industries, focusing on operations transformation, strategic sourcing, revenue growth, and accelerating digital transformation. Additionally, I conducted commercial and operations due diligence, as well as potential synergy analysis, in pre-M&A scenarios. This role honed my problem-solving abilities, top-down communication with senior stakeholders, and data analytics skills using advanced spreadsheets, Power BI, and Tableau. Industries served: • MedTech • Automotive • Private equity portfolio holdings • Energy management • Pharmaceuticals/Nutriceuticals • Aerospace • Banking/Insurance Regions served: • North America • Latin America • EMEA • APAC

Purchasing Manager
Farmington Hills, Michigan and Mexico City, Mexico
Regional Supplier Performance Manager leading a team with direct responsibility for Seats for Mexico and the US for strategically managing sourcing and suppliers savings. Direct responsibility for strategic implementation of Monozukuri Cost Management for Interiors for the US and Mexico.
Shardul Shah's Contact Information
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