Our workplace culture plays an essential and core role in FMC Technologies’ success. First and foremost, our overriding value throughout our businesses and in our employees’ everyday work and lives is captured in the phrase “Safety in All We Do.” Safety is a key value in all our businesses, regardless of the industries or customers we serve. Our company has safety records, programs and processes that are quantitatively and qualitatively superior to our peers in all the industries we serve. Safety is a continuous improvement process at FMC Technologies – we strive for zero incidents in all our businesses, and we have rigorous procedures aimed at helping us achieve that objective. When an incident does occur, we employ a rigorous process that is not aimed at assigning blame but is relentless in getting to the root cause or causes that led to the incident. The lessons learned from this investigative process are shared throughout the company, across all businesses, and help compose the texture of the strong safety ethic at the core of our culture.

 

Since FMC Technologies became a separate public company at the end of 2001 (and prior to that, when our businesses were part of FMC Corporation), our safety record has been exceptional compared to our peers in the oilfield service and manufacturing industries. In 2003, FMC Technologies’ outstanding safety performance was recognized with our company’s highest internal award – the Chairman’s Award. Usually this achievement is awarded for outstanding technological innovations and/or financial results by a business or project team. This award is usually shared by a relatively small group of employees, compared to our total employee complement. However, in 2003, the safety performance of all employees was judged to be the most outstanding achievement in the company, so our Chairman, President and CEO, Joe Netherland, bestowed this award on all employees, which was significant emphasis for his and the company’s regard for the importance of safety in all we do.

 

In addition to the Chairman’s award, FMC Technologies recognizes outstanding safety performance through the Tower Awards, so named in honor of a previous President of FMC Corporation, Raymond Tower, who was a champion of safety programs and processes during his tenure.

 

In addition to these internal award programs, our businesses have been acknowledged for outstanding safety performance by third parties. Of recent note are the awards received by our energy manufacturing operation in Dunfermline, Scotland, in 2004 by the Royal Society for the Prevention of Accidents (RoSPA), the leading organization for the promotion of health and safety in the United Kingdom.