Career Opportunities in Corporate Finance

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Career Opportunities in Corporate Finance Jim
Peters- Director, Finance, Whirlpool
Corporation January 24, 2006
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WHIRLPOOL HAS EVOLVED THROUGH FIVEERAS DURING
ITS 94 YEAR HISTORY
1911-1948
1948-1980
1980s
1990s
2000
Single Product, Single Customer, No Brand
Multi-Product and Whirlpool Brand
Multi-Brand, International Expansion
Brand Focused Value Creation
Globalization
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SEVERAL FORCES WILL SHAPE THE INDUSTRYENVIRONMENT
OVER THE NEXT 5-10 YEARS
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New competitive dynamic Global consolidation,
new players enteringNAR and Europe
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Continued value chain pressure Trade and
supplier consolidation
Industry is growing 3 4 annual growth
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Emergence of new economic powers China, India
Industry pricingpower increasing Global price
increases holding offsetting 10 year downward
trend
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Innovation continuingto drive growth Pace and
intensity of innovation accelerating
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CONSOLIDATION EXPECTED TO IMPACTMAJORITY OF
REGIONAL PLAYERSMany of These Players Will be
Acquired in next 5-10 years
Global Players
NAR Players
European Players
LAR Players
Asian Players
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Vision
Every Home, Everywhere with Pride, Passion and
Performance

• Total Global Demand for Major Home Appliances
• 13 billion in sales
• 8.3 billion in the US with 13 plants and 28,000
  employees
• 3.1 billion in Europe with 11 plants and 14,000
  employees
• 1.7 billion in Latin America with 7 plants and
  21,000 employees
• 383 million in Asia with 5 plants and 5,000
  employees

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Character and Enduring Values

• Diversity with Inclusion
• We value diverse people, thoughts and ideas.
  Differences enable us to create value. Inclusion
  allows everyone to contribute to her or his
  fullest potential.
• Integrity
• We conduct all aspects of our business in an
  honorable way, recognizing there is no right way
  to do a wrong thing.
• Respect
• We do our best work when we trust one another as
  individuals, encourage diversity in our
  workplace, value the capabilities and
  contributions of each person and recognize that
  work is but one part of a full and rewarding
  life.
• Teamwork
• Pride results in our working together to unleash
  the potential of every person. By working
  together we will achieve exceptional results.
• Spirit of Winning
• We are a world class competitor in every business
  and marketplace in which we participate.

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Opportunities in Global Finance
Career Opportunities in Global Finance
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Global Finance
CFO
Investor Relations
BPM
Planning Development
Corporate Controller
Treasury
Tax
GIS
NAR
LAR
CTO
Europe
Asia
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Career Paths
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Finance Leadership Development Program

• Program overview
• Target a select few talents from select programs
  (Undergraduates, Masters of Accounting, and MBAs)
• Intense early development of talent
• Broad experience base through multiple
  assignments in various business units during
  early career stage
• Finance professionals tested with dynamic
  challengesin a Global dynamic industry

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Development - A Shared Responsibility

• Mentoring
• Each participant will be assigned a mentor
• Learning sessions led by Whirlpool Leaders
• Topics of sessions will cover US GAAP, Financial
  Modeling, and Business Case Analysis workshops,
  and other leader lead sessions
• Opportunities to develop core competencies
• Customer Excellence, Innovation and ccOPEX
• Classes will be held with participants of other
  functional Leadership Development Programs to add
  additional networking opportunities
• Whirlpool actively encourages employees to pursue
  ongoing education and certification (e.g. CFA,
  CPA, CMA, M.B.A.)
• Opportunities to contribute to cross functional
  teams including Loyalty projects
• Active Participation in Leadership Development
  Series which could include
• Engaging Manager, Diversity with Inclusion
  Seminars, Participation in employee networks,
  E-Learning Curriculum (e.g., effective listening,
  project management, etc.)

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Undergraduate Profile

• Internships
• Concentration in Accounting, Finance or Economics
• Strong analytical, interpersonal and leadership
  skills
• Customer focused capabilities/mindset
• Willing to Relocate
• Assignments will be based in the Benton Harbor/
  St. Joseph Michigan area

• Full-Time Positions
• Concentration in Accounting, Finance or Economics
• Internship experience
• Strong analytical, interpersonal and leadership
  skills
• Customer focused capabilities/mindset
• Willing to Relocate
• Most assignments will be based in the Benton
  Harbor/ St. Joseph Michigan area

• Opportunities
• CTO
• Corporate Finance (Controllers Office, Tax)
• North America Region (Corporate and Manufacturing)

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Leadership Model
Attributes
Practices
Performance
VisionPassionately creates a visioncommunicates
that vision persuasively, and aligns an
organization around attainment of that vision.
Helps organizations see beyond what is known
todayand in the process accomplishes more than
they ever thought possible StrategyCreates
strategies that align and move the organization
toward the accomplishment of the
vision Management SkillsDemonstrates effective
management skills in order to drive results
through others. Effectively sets priorities,
establishes individual and team expectations,
facilitates productive meetings, provides candid
feedback, develops people, delegates, and drives
accountability Attracting Developing
TalentAttracts, develops and retains top
leadership and core competency talent throughout
the company. Surrounds her/himself with
outstanding talent. Focuses on his/her own
developmental needs CommunicationsCommunicates
clearly and with candor with all constituents.
Practices active-listening and 2-way
communications in order to enable alignment.
Creates an environment that encourages and
expects dialogue and debate Customer
ChampionPuts the customer at the center of every
process and activity valued by the customer.
Drives growth through relationship-management,
innovation, and the effective and efficient use
of resources
Character Enduring Values Practices and
remains committed to Whirlpools set of enduring
values and beliefs Integrity, Respect, Teamwork
and Diversity. Demonstrates high integrity and
develops organizations with unquestioned levels
of integrity--never compromises because of the
pressures of the day. Inspires and earns trust
and respect from those they lead. Displays
behaviors that clearly show respect for others
and with all their diversity. Puts the companys
needs first and practices teamwork across all
boundaries Diversity InclusionCreates an
engaging environment that leverages everyones
thoughts, beliefs, ideas, and opinions to achieve
optimal results for the Customer and the
Company ConfidenceDemonstrates self-confidence
and decisiveness that is sharply distinguished
from arrogance or egotism. Develops confidence
in people and entire organizations that leads to
responsible risk-taking and abilities to
win Thought LeadershipConsistently challenges
and improves thinking and decision-making
processes and outcomes. Consistently offers
out-of-the-box innovative thinking and
sophisticated judgments that lead to results
Driver of Change/ TransformationAnticipates the
future of the business/work and creatively
mobilizes resources to shape the transformation.
Spends appropriate energy and resources working
with the organization to drive and create
transformation at all levels Extraordinary
ResultsConsistently guides and leads the
organization to extraordinary results against all
dimensions of our vision, strategies and balanced
scorecard goals
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In The Zone
Operating Plans
Operational Capabilities
The Execution Zone
Strategic Projects
Organizational Transformation
ccOpex Creates Resources for Innovation ?
Innovation Builds Brands ? Strong Brands Create
Loyalty ? Loyalty Produces Growth
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Questions?

• On-campus Internship Interviews
• February 9, 2006
• Deadline to Submit Resumes online
• Tomorrow- Wednesday, January 25