| We believe in doing what is right - for the company, for the environment and for all of our |
| stakeholders. |
In all that we do, Verso keeps one key concept in mind – Keep it simple.
| We concentrate on a targeted segment of the market and stay focused on what we do best and what is right. |
| We’ve simplified our management approach and work continuously to become easier to do business with. |
| We keep it honest and open: accountability and transparency are crucial in every aspect of our business. |
| We simply care: about our employees, our communities, our customers and our planet, and we’re passionate about our responsibilities to all of these. |
| We operate with a continuously smaller footprint on the environment, while maintaining value for our customers and our shareholders. |
| We’re constantly working toward one simple goal: To be a passionate company that is respected and trusted by all. |
FOUNDATION OF VERSO PAPER CORP.
The following mission, core values, principles, strategies and key performance measures define the foundation on which Verso was built.
Mission Statement:
We create value for our stakeholders by providing business solutions and developing innovative products and services that exceed expectations.
Core Values:
Principles:
| Safe from the start. |
| Accountability, truth and transparency. |
| Engaged and enthusiastic people. |
| Initiative and resourcefulness. |
| Anticipate change. |
| Understand customer needs. |
| Use teamwork to deliver superior results. |
| Do the right things for the company as a whole. |
Respect a sustainable balance between economic, social and environmental needs.
|
| Act with speed, simplicity and decisiveness. |
Strategies:
| Utilize our integrated business management process to optimize performance. |
| Enhance our core business by improving margins and channel management. |
| Develop new revenue streams outside of core coated paper markets to mitigate coated paper demand and price volatility. |
| Gain manufacturing superiority by benchmarking and reducing operating gaps. |
| Enhance cash flow by operating our business platforms to balance our stakeholders' needs. |
| Improve our organizational capability. |
Performance Metrics:
| TIR/LWIR |
| EBITDA |
| Margin Improvement |
| Working capital improvement |
| OME |
| Managed capital spend |
| Purchase price variance |
| CFS, CGW and SC market share |
| New product revenue and margins |
| Export volume |
| Subtotal Ops variance to budget |
| Demand forecast accuracy |
| Supply forecast accuracy |