Corporate Vision
To achieve the Corporate Vision, Huber will focus on five major strategic priorities in the years ahead. For each priority, we will set annual goals and establish major milestones to drive progress.
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Embed the Huber Principles Globally
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Build a High-Performing Business Portfolio
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Develop Human Resources and Leadership Talent
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Align Capital Structure to Support Long-Term Goals
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Leverage Family Ownership to Our Advantage
We will take extra steps to ensure the Huber Principles are preserved and strengthened as Huber continues its international expansion and migrates to a more decentralized portfolio model. For each Huber Principle, we will establish specific metrics to evaluate our performance, as well as new processes to share best practices. The corporation will report annually to the board and shareholders on its progress in living by the Principles.
We will invest preferentially in businesses that have an attractive outlook for profitable growth and sustainable competitive advantage. We will apply portfolio management best practices to optimize capital deployment, manage critical risks and strengthen corporate governance. We will create an in-depth investment thesis for each business to help identify the best portfolio business mix to meet Huber’s objectives for growth, risk and return.
We will build deeper bench strength for future corporate and business leadership. We will monitor each portfolio business to ensure they have a well-designed process for succession planning, employee learning and leadership development. We will implement a selective corporate program for our core talent pool to drive critical leadership themes such as diversity, portfolio management and strong Huber family-management communications.
We will evolve Huber’s capital structure to align with the company’s long-term goals for growth, liquidity and risk appetite. Over time, we expect to reduce leverage so the total portfolio can return to and maintain investment-grade performance. We will also seek out opportunities in the years ahead to enhance shareholder liquidity, including consideration of third-party equity as an alternative potential source of funding.
We will strive to capture important benefits from being a family-owned company with a stable shareholder base that is committed to the Huber Principles and vested in our long-term success. We will communicate transparently with our shareholders to enable trust-based relationships among management, board and family members. We will work in concert with the Huber family regarding its goals for company education, family employment and board governance.
