A Message from our CEO
People. Performance. Results.
By maintaining a focus on these three elements, Solenis has continued to execute on a growth strategy with a dramatic trajectory. And to nobody’s surprise, these three traits are also central to the way our new owners – Platinum Equity – operate their business.
Our culture is strong and our people are engaged. We have created a culture around accountability. Our managers know what is expected of them, and our adherence to our values is consistent in the 130 countries in which we operate. In addition, we have worked hard this past year on diversity, equity and inclusion. We have sought through hiring practices to improve our diversity statistics, and through training and understanding to enhance our culture of inclusion. The work we have done to create and develop our culture is the accomplishment of which I am most proud.
In the past year, the performance of our teams, and our company as a whole, has been stellar. Despite the continuing pandemic and constant chaos of supply chain conditions, we have executed well. What’s more, in the midst of a rapidly changing business environment, we acquired four businesses that will broaden and better our company: Sigura Water; SCL GmbH; Neu Kimya Anonim Sirketi; and Clearon Corp. We also announced the future acquisition of KLK Kolb Group’s paper process chemicals business.
The results are Solenis’ third consecutive year of double-digit earnings growth; our best safety performance ever; and being awarded a Platinum rating by EcoVadis. Not to mention the many other sustainability achievements discussed in this report.
We certainly have our challenges and obstacles. We need to do a better job in minimizing our emissions footprint and energy consumption. And, while we are making progress, we must continue to reduce our water consumption and intensity.
Looking to the future, our success will be largely driven by our ability to stay focused. And for that reason, we recently reevaluated and modified our purpose, vision, mission, values and beliefs statements in order to reflect and align with the structural changes in our company. While much of the core thinking about Solenis’ culture and values did not change, 2022 presented an opportunity to refresh the company’s direction. Perhaps most importantly, we know that our success depends on our continued efforts to drive and build customer value. We are continually developing new and progressive ways to strengthen our existing customer relationships, and enhance our offering to new customers.
Sustainability has been a part of Solenis’ DNA from the beginning. It is inherent in our business simply by virtue of what we do: we improve water quality. The world’s water consumption is far outpacing population growth. Our technologies will play a critical role in ensuring the world’s ability to protect its most valuable resource: water. And it’s for this reason that we must maintain our focus on sustainability initiatives, innovation and attracting and retaining the very best talent. In all, we have a tremendous opportunity and responsibility. But I know that the quality of our people and our culture – supported by a strong management framework – will enable us to not only meet but exceed our objectives.
John E. Panichella
Chief Executive Officer
