Whirlpool Corporation · NYSE:WHR
Whirlpool — Corporate Update (May 2015)
11 slides from Whirlpool's corporate update, May 12, 2015
Slide 1: Fort Smith City Directors' Study Session Update
On Tuesday, May 12, 2015, Jeff Noel, Vice President of Whirlpool Corporation, and Mike Ellis from ENVIRON, the environmental consulting firm responsible for implementing the Final Remedial Action Decision Document (RADD), attended the Fort Smith City Directors’ Study Session to provide an update on
Slide 2: Summary - First Quarter 2015 Progress Report Overview
Summary - First Quarter 2015 Progress Report Overview: Since the last progress report to the City Directors, Whirlpool has continued to make significant progress in a number of areas: Resolution – Whirlpool has reached agreements with 98% of property owners in the well-ban area whose properties were
Slide 3: Resolution
Resolution: As of May 11, 2015, Whirlpool has come to a fair and equitable resolution with 49 of 50 property owners whose personal properties located in the well-ban area were devalued by the Sebastian County Tax Assessor. The resolution agreements represent a significant step forward and we are wor
Slide 4: Resolution - Well-Ban Area Resolution Map
Resolution - Well-Ban Area Resolution Map: The map above illustrates the successful resolutions made with property owners in the well-ban area. Owners of the properties shown in dark green accepted Whirlpool’s offer and we continue to have productive conversations with owners of properties shown in
Slide 5: Resolution - Agreements with Property Owners
Resolution - Agreements with Property Owners: Whirlpool acted fairly and transparently in reaching resolutions with property owners. All residents were treated the same based on location, including those who had not brought claims against the company. Whirlpool met individually with property owners
Slide 6: Remediation - Completed Activities in First Quarter 2015
Remediation - Completed Activities in First Quarter 2015: Since Whirlpool’s last presentation to the City in January 2015, the following activities were completed onsite: • Groundwater monitoring samples were collected from 78 wells; • Soil vapor sampling was conducted in January 2015; • Eight addit
Slide 7: Validation - Extensive Ongoing Monitoring
Validation - Extensive Ongoing Monitoring: The groundwater and supplemental vapor testing completed the first quarter of 2015 provided ongoing confirmation that there remain no exposure pathways and no health risk to area residents or to workers on the Whirlpool property. Additionally, active remedi
Slide 8: Validation - Results Show Continued Progress
Validation – Results Show Continued Progress: Implementation of Adaptive Remedy activities completed in targeted areas in the first quarter of 2015 resulted in the following: • There continues to be no exposure pathways, including from vapor intrusion, to cause health risks to area residents, worker
Slide 9: Validation - Vapor Testing
Validation – Vapor Testing: The vapor intrusion testing process measures TCE concentrations in soil vapors and groundwater to ensure any TCE vapors that reach the surface are not causing health risks. To reach indoor air, TCE vapors coming off groundwater must make it through layers of soil and the
Slide 10: Redevelopment - Proposed Site Redevelopment Option
Redevelopment – Proposed Site Redevelopment Option: Whirlpool continues to make progress towards the site’s redevelopment. The former Whirlpool warehouse was sold to Spartan Logistics in September 2014 and Whirlpool remains in discussions with multiple interested buyers for the remainder of the prop
Slide 11: Conclusion
Conclusion: Whirlpool appreciates the City Directors’ interest in receiving ongoing updates regarding the progress toward meeting the goals of the RADD. We plan to continue to move forward with the science-based, Adaptive Remedy Approach and remain committed to working closely with ADEQ, the City of