Whirlpool Corporation · NYSE:WHR
Whirlpool — Corporate Update (July 2014)
14 slides from Whirlpool's corporate update, Jul 8, 2014
Slide 1: Fort Smith City Directors' Study Session Update
On Tuesday, July 8, 2014, 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
Summary: Since the last progress report to the City Directors, Whirlpool has continued to build on the foundation established during the first three months of this year and has pushed forward in a number of areas: Remediation – The Adaptive Remedy approach has enabled Whirlpool to push ahead quickly
Slide 3: Remediation Highlights
Remediation Highlights: Since Whirlpool’s last presentation to the City in April 2014, we have: • Evaluated the impact of the first round of oxidant injections; • Adjusted our plans for the second round of oxidant injections based on that data; • Completed the second round of injections, which invol
Slide 4: Validation Highlights
Validation Highlights: Whirlpool continues to closely monitor the TCE plume to confirm there is no exposure risk to area residents or to workers on the Whirlpool property. As we have shared before, we expect there to be seasonal fluctuations in the exact plume boundaries and we believe the science w
Slide 5: The Adaptive Remedy Approach
The Adaptive Remedy Approach: The use of the Adaptive Remedy approach has enabled Whirlpool to make substantial progress in the remediation activities during the past three months. The Adaptive Remedy approach is built on the classic “plan – do – check – act” cycle. We are constantly gathering, anal
Slide 6: Area 1
Area 1: The Adaptive Remedy approach has also been an important enabler in our ongoing efforts to address the contamination in Area 1. Additional testing in Area 1 has provided a better understanding of the soil contamination, helping us to narrow our focus on a specific area with targeted remediati
Slide 7: Area 1 and "Trench" Detail
Area 1 and “Trench” Detail: As outlined in the RADD, the results of Whirlpool’s investigational work in Area 1 were publicly reported in the First Quarter 2014 report and were submitted to ADEQ and the public on May 15, 2014. We are currently in the process of refining our understanding of the soil
Slide 8: Drainage "Trench" Preliminary Findings – No Risk to Human Health
Drainage “Trench” Preliminary Findings – No Risk to Human Health: Key findings from this data regarding the soil contamination Area 1 include: • The area of contamination follows a shallow surface water drainage trench no more than a few feet wide; • The TCE in the soils poses no risk to human healt
Slide 9: Ongoing Testing
Ongoing Testing: Ongoing testing by design contributes to our overall understanding of the site and, once the data is analyzed and validated, becomes part of the planning for future remediation activities. To supplement the soil and groundwater data collected from soil probes during the past several
Slide 10: Ongoing Monitoring Results
Ongoing Monitoring Results: Whirlpool continues to closely monitor the TCE plume to confirm there is no exposure risk to area residents or to workers on the Whirlpool property. As we have shared before, while we expect there to be seasonal fluctuations in the exact plume boundaries and the science h
Slide 11: Resolution
Resolution: As part of Whirlpool’s ongoing effort to find a fair and equitable resolution for all parties, we have made significant progress in our ongoing conversations with the local residents’ legal counsel. All parties have taken the negotiations seriously, and the process of reaching a resoluti
Slide 12: Redevelopment
Redevelopment: Whirlpool has made significant progress during the past three months toward the redevelopment of the Whirlpool property. • With the help of local economic development officials, Whirlpool signed purchase agreement for the sale of the warehouse. This contract is currently in a defined
Slide 13: Next Steps in An Ongoing Process
Next Steps in An Ongoing Process: Consistent with Whirlpool’s commitment to transparency, we have outlined the anticipated timeline for the reporting of new data over the coming months. 13
Slide 14: Conclusion
Conclusion: Whirlpool appreciates the City Directors’ interest in receiving ongoing updates regarding the progress toward meeting the goals of the RADD. Their input and engagement is a critical element of this process, and we are committed to keeping the City Directors and area residents informed as