A Letter from Chair of the Board James S. Turley

Dear Fellow Shareholders:

Emerson undertook numerous strategic initiatives in 2023 while remaining focused on delivering value for shareholders, customers and employees. From the Board to the Office of the Chief Executive and everywhere else, Emerson is driven by leaders, innovators and problem solvers who are delivering bold solutions, better ways of working and meaningful results. That unrelenting ambition is what has made the past year a busy one for the Board, and I am incredibly proud of the work the leadership team has accomplished. 

Throughout 2023, the Board played an important role advising on Emerson’s portfolio moves, leadership appointments and long-term strategy.  

While the Board members and I were energized to see the impact of countless strategic decisions come to fruition, we were especially excited to welcome two new members – Leticia Gonçalves and Jim McKelvey. Leticia and Jim’s experience, leadership and innovation-focused perspectives have already and will continue to empower us to accelerate our execution in 2024 and beyond.  

In addition to the new Board member appointments, the Board also formed a Technology and Environmental Sustainability Committee to provide oversight of the Company’s strategy, innovation and technology advancements and environmental sustainability goals and programs. Our new Board appointments and Committee changes underscore the Board’s commitment, shared by President and CEO Lal Karsanbhai, to ongoing refreshment.  

I also want to acknowledge the retirements of Arthur F. Golden, a board member since 2000, and Candace Kendle, a board member since 2014.  

Lastly, as Lal pointed out in his letter, Emerson delivered strong financial results and strengthened its position as a global automation leader. At the same time, the business continued to modernize its culture and support for employees and drove an even greater focus on innovation and operational excellence through the Emerson Management System.  

I want to share my appreciation for not only the Emerson team for their commitment and rigorous discipline over the past year but also our shareholders who have continued to believe in and trust us throughout the process.  

Looking back at 2023, I am extremely proud. Looking forward at 2024, I am personally excited and energized to execute on the foundation we have built. 

Sincerely, 

James S. Turley 
Chair of the Board