Sunbeam 2007 Annual Report Download - page 3

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DEAR FELLOW
SHAREHOLDERS
SHAREHOLDERS
AS JARDEN ENTERS ITS SEVENTH YEAR we will
look back at 2007 as the year we truly emerged as
an established world-class, diversified consumer
products company. Three developments in 2007
underpinned this important progression: the
acquisitions of K2 and Pure Fishing helped grow
Jarden to a Fortune 500 business; a number of
the investments we made over the last three years
in new product development and brand support
started to pay dividends; and our continuous
improvement programs and focus on operating
excellence allowed us to achieve meaningful
margin improvements despite the continuing dual
headwinds of cost inflation and pricing pressure.
In previous letters I have highlighted different areas
of Jarden’s three core strengths: our people, our
products, and our brands. This year I am going to
focus on the unique characteristics that we call
Jarden’s DNA, which we believe lays the foundation
for significant growth and continued value creation
opportunities over the next several years.
From 2001, when Ian Ashken and I assumed the leadership of Jarden, we have fostered an
entrepreneurial culture with significant operating disciplines, while seeking to attract and retain
the best management talent. Recently we have focused on articulating what Jarden stands for and
why our unique culture allows us to be a successful leader. As you can see from our Annual Report
cover, Jarden’s DNA is a blend of our brands and the four key characteristics that link them together:
controls, execution, relationships, and sustainability.
It was a rewarding exercise for our Board and management to verbalize what makes our company
unique. Hopefully you have all seen our new tagline, “Jarden, the brands of everyday life,
TM ”and the
eight core elements that we have identified as the summation of Jarden’s DNA. This is a written
documentation of the way we have been managing Jarden from the beginning, not some theoreti-
cal model dreamed up by a bunch of consultants. I believe much of what we do is in the application
of common sense, yet it is surprising how often companies do not focus on the basic operating
requirements of a business, instead favoring visionary statements or lofty goals without any
fundamental foundation. I hope you will take the opportunity to view the enclosed CD, which
contains a greater review of Jarden’s DNA, as well as a look at some of our products and recent
promotional activities. The form of this year’s Annual Report, with its reduced paper content, is
reflective of our focus on sustainability. By next year, we expect our report will be fully electronic.
MESSAGE TO OUR SHAREHOLDERS
MESSAGE TO OUR SHAREHOLDERS
Martin E. Franklin, Chairman & CEO