Pros
Reputable company, role is ideal for self-driven individuals. Responsible for a subset of product portfolios and given free reign to complete new product development, strategic roadmapping, p&l, obsolescence, etc. Great people are employed within the company and are usually willing to help out with the task at hand.
Cons
Extremely conservative company, so much so that it can be difficult to be effective if funding or resources are not available. Not many chances to grow above a certain level internally since mid level managers have been in their roles for 20+ years and won't transition until retirement. Most people have to leave the company to get opportunities and skills needed to advance their careers. Lower than average base salary compared to competitors.