Emerson 2014 Annual Report Download - page 9

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As we celebrate 125 years, we remain grateful for
your support. Rest assured that we are not slowing
down or looking back. In the near term, we are sharply
focused on improving growth and execution in 2015.
Orders momentum and record year-end backlog
suggest an improving environment for sales and
margin expansion, and we expect cash flow to remain
at high levels to support future investment. And, yes,
while next year is important, we constantly plan and
strategize much farther out. Emerson is positioning
itself for market and economic trends five, 10 and
20 years into the future. Our next milestone anniversary
may be many years away, but we are confident
Emerson will be stronger then than it is today, and our
customers, shareholders, employees and communities
will continue to benefit from our success.
Also key to Emerson’s enduring success has been a
strong partnership between the Board of Directors
and management teams over time. I am grateful to
our Board for the invaluable insight and unmatched
integrity, support and leadership that it continues
to provide. We strengthened the Board further this
year with the addition of Dr. Candace Kendle, who
brings deep management capabilities and extensive
corporate governance experience that will be an asset
to Emerson and its shareholders for years to come.
On behalf of the Board of Directors and all of Emerson’s
employees around the world, we invite you to join us
as we celebrate our milestone next year, and we thank
you for your confidence and trust.
Sincerely,
David N. Farr
Chairman and Chief Executive Officer
2014 Emerson > 05
The Office of the Chief Executive (from left): Frank J. Dellaquila, Executive
Vice President and Chief Financial Officer; Edward L. Monser, President and
Chief Operating Officer; David N. Farr, Chairman and Chief Executive Officer;
Charles A. Peters, Senior Executive Vice President; Steven J. Pelch,
Vice President Organization Planning and Development