1. [ 12 ] Emerson 2008
What drives Emerson’s
Emerson is also working with customers to
chart the future. In China, for example, local
success is that our passion
Emerson engineers leveraged our expertise in
and disciplined processes
uninterruptible power supplies and variable
frequency drives to design the power convertors
translate well across
needed to make the promise of wind energy
borders and cultures.
a reality.
Today, Emerson is the first China-based
manufacturer to supply these convertors, and
we are working with three of that nation’s
largest wind turbine companies. With global-
installed wind power expected to increase at
an average annual rate of 20 percent over the
next five years, there is a great opportunity
to collaborate across Emerson businesses to
provide additional solutions.
And we aren’t stopping at wind power. Emerson
continues to invest in a wide range of technology
platforms and products that enable customers
around the world to shift electrical power
generation to other sources that reduce carbon
emissions, including solar, nuclear, hydro and
natural gas.
Global-installed wind power is
expected to grow 20% a year
over the next 5 years.

2. What drives Emerson’s success is that our
passion and disciplined processes translate well
across borders and cultures. In each of the more
than 150 countries where the company does
business, we understand and respect our
customers. We understand their businesses
and the pressures they face. And we share their
culture and opportunity. This is a significant
advantage for Emerson.
I thank each of our 140,000 employees around
the world for fueling our progress every day. It is
their knowledge, passion and collaboration that
enables Emerson to anticipate broader issues and
trends … to see the world through customers’
eyes … and to advance groundbreaking products
and solutions. It is their talent and discipline that
will enable Emerson to manage through the
current challenges.
Emerson’s advantage
is our people and process …

3. A Powerful Force for Innovation [ 13 ]
our boundless
Passion
sets us aPart.
With more than 140,000 talented people
around the world, Emerson is engineering the
unexpected nearly every day in every time zone.
At the Emerson Design Engineering Center
(EDEC), which Emerson opened in Pune, India,
in 2003, more than 500 engineers collaborate
to design products and solutions for Emerson’s
worldwide platforms while also creating
technologies to meet the growing demand from
local customers in India and throughout Asia.
Through Emerson’s Advanced Design Center,
we tap into a virtual network of leading experts
to explore and solve product development,
manufacturing and materials problems. In
addition to Emerson engineers, this network
includes top researchers, scientists and
engineers from leading universities and
research centers around the world.
Learn more about the people and processes
that make Emerson a powerful force for
innovation at www.Emerson.com.

4. [ 14 ] Emerson 2008
I would also like to thank the global leadership
team. This outstanding group of leaders
continues to excel in allocating our intellectual
and financial capital to deliver in the short run
while simultaneously building for the long term.
I am also grateful to our board of directors, which
provides valuable insight and support. This year,
we had the privilege of adding two top global busi-
ness leaders to Emerson’s board – Bill Johnson,
CEO of Heinz, and Harriet Green, CEO of Premier
Farnell plc. We welcome adding their experience
and judgment to our team.
And of course, I thank each of our fellow
shareholders for your continued support.
Emerson is a powerful force for innovation.
This has propelled Emerson’s past growth and
performance, and will drive the company’s future
success. It is what enables us, after hearing a
customer describe a problem or need, to respond
with conviction: “You can consider it solved.”
David N. Farr
[f r o m left]
Chairman, Chief Executive
edward l. monser
Officer, and President
chief operating officer
craig w. ashmore
senior vice president,
planning and development
charles a. peters
senior executive vice president
david n. farr
chairman, chief executive officer,
and president
walter j. galvin
senior executive vice president
and chief financial officer

5. A Powerful Force for Innovation [ 15 ]