Just as Huber transitioned from various businesses to identify the best opportunities, the company has transitioned its business governance model to a Portfolio Management Company (PMC) to maximize performance.
One of the key components of the PMC approach is that each Huber business has its own Management Board. By having dedicated Boards, we ensure that Huber leaders are supported by a Board with deep industry-specific knowledge to help drive each business forward. With the PMC governance structure comes greater accountability for each business to achieve outstanding operating performance.
With Management Boards in place to govern Huber’s individual businesses, Huber’s Corporate Board can focus on overall portfolio strategy and critical resource allocation decisions. While operational matters are left to the Management Boards that are closest to each business (with appropriate corporate oversight), the Corporate Board concentrates on getting the right balance of investments across Huber to achieve the company’s overall risk and return objectives.
Here are some other highlights from Huber’s history: