Emerson 2009 Annual Report Download - page 8

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Emerson 20096
Our innovations are adding value in many new ways. We drove that point home this year in
a bold “It’s Never Been Done Before” global advertising campaign. Emerson innovations address
critical customer issues and enable customers and entire industries to overcome challenges with
new-to-the-world solutions.
Our people
New-to-the-world solutions are possible only in a company that values individual effort in
a collaborative environment and strong global teamwork. We inspire and reward initiative, and
we work together as a global team, driving innovation in each of our markets. Every person at
Emerson understands that he or she plays an essential role in our success. This creates a motivating,
competitive and high-energy atmosphere that ensures we execute quickly and precisely for our
customers and shareholders.
One of my top priorities is to ensure that we recruit, develop and retain the best talent.
Developing people is an area where Emerson has always excelled. In fact, our talent-development
success allows us to ll 90 percent of our key global management positions from within the
company. There is tremendous expertise on our management team and among our highly skilled
employees, and I am proud of their hard work and their commitment to excellence – they make
Emerson successful and globally strong.
Our sustained progress also reects the leadership of our board of directors. These capable
individuals provide deep, relevant insight into our global challenges and opportunities. On behalf of
our shareholders, I thank them for their commitment and support in making Emerson stronger in a
challenging 2009.
I especially thank David C. Farrell, who retired last February after 20 years of service on the
board. David’s counsel has been instrumental in building shareholder value during his tenure, and
we will miss his contributions. We also welcome our newest board member, Clemens A.H. Boersig,
who brings us a strong global perspective from Deutsche Bank AG, where he is Chairman of the
Supervisory Board.
Looking ahead
The pace of change continues to accelerate. Businesses that will win in the marketplace and
reward their shareholders must exhibit ever-increasing speed, exibility and creativity. These are
Emerson strengths. Our people are focused on solving problems quickly and in ways that have never
been done before. As global businesses begin to rebound from the recession, we are well positioned,
especially with our unique position in emerging markets.
Thank you for your support. I look forward to reporting on our continued progress and
value creation.
New-to-the-world solutions are possible
only in a company that values individual
effort in a collaborative environment.
David N. Farr
Chairman, Chief Executive
Ofcer, and President