FUNDING THE FUTURE - The Clorox Company

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T H I R D Q U A R T E R 2 0 1 1 We love Fresh Step® cat litter. We always buy two cartons. One we use as a doorstop to keep the cat from getting outside.” Clorox shareholder during questionand-answer session at the annual shareholder meeting in November The boys do a good job being stinky all by themselves.” Bonnie Hammons’ reply to an article on how the technology in Clorox ® dish towels helps keep germs at bay Clorox! I am pronouncing it the Betty White of the conference season!” Mad Money’s Jim Cramer on CNBC about the analyst conference season I was so looking forward to receiving this discount; my mother-in-law loves the product, and it is always good to stay in her good graces.” Dana Mann on the Burt’s Bees ® employee discount during the holiday season LETTER FROM THE CEO Fishing, Not Fish Fellow Employees: When I was a student at Indiana University, I spent four summers working in a steel mill to save money for school. When you’re 18 years old, there’s nothing like cleaning up sludge and doing hard labor for 60 to 75 hours a week during your summer “vacation” to get you thinking about what you want to do with the rest of your life. Fortunately, the money I earned was enough to cover my tuition and expenses. Unfortunately, that’s not necessarily the case today. With the price of higher education outstripping inflation, paying for school is no easy feat. For nearly 20 years, Clorox has stepped forward with scholarships to help ease the financial pressure for the children of employees and other students in our communities. Through The Clorox Company Foundation grants and fundraising events like the Marcus Foster auction, we’ve helped nearly 600 students continue their education. Like so many of you, my wife, Ellie, and I also feel very strongly about giving back to our community. In 2007, we decided to begin the Knauss Scholars program with the firm belief that it’s better to teach someone how to fish than to give them a fish and hope for the best. We also realized not everyone follows the same beat, so we included scholarships for vocational training programs as well. Our desire, and the guiding principle behind all scholarship programs at Clorox, is to help kids get the skills and training they need to succeed. In this tough economy, education is a smart investment. The unemployment rate in the U.S. for all college graduates, regardless of age, hovers at about 5 percent, while the unemployment rate for those without college degrees is more than double that. That’s a pretty strong case for the importance of education and training when it comes to making a living in today’s world. This topic is timely — applications for The Clorox Company Foundation scholarships and the Knauss Scholars program are due in March. If you have children about to graduate from high school, I encourage you to have them apply. You can find more information on CloroxWeb. I’m proud to be a part of a company that cares about our employees, their families and our communities. Together we are making a difference, every day, in the lives of students who are just beginning to blaze their own paths. Don Knauss The Clorox Company Corporate Communications 1221 Broadway, Oakland, CA 94612 510-271-3004 corporate.communications@clorox.com 2
In Brief Burt’s Bees and Clorox: Moving Forward Together Since Clorox acquired the Burt’s Bees® business in 2007, we’ve been working toward integration of the two organizations. “When you acquire a business with a family feel like Burt’s Bees, you can’t expect integration to happen overnight,” says Lyné Brown, vice president – Customer Capability Development. “The goal of integration is to use the scale and capabilities of Clorox to help fuel growth.” Integration work requires lots of planning to be successful. This past July, the Burt’s Bees Sales organization completed its integration, and recently, the Burt’s Bees Product Supply Organization announced alignment with the Clorox PSO operating model. One of the next steps is to include Burt’s Bees in the North American and International instances of SAP to allow a streamlined reporting system. “We are trying to create one team and one way to work,” says Tim Russart, director – PSO Integration, Burt’s Bees. “Clorox wants to keep the agility and positive culture of the Burt’s Bees organization and add to it the capabilities that will help grow the business,” adds Lyné. Full integration of Burt’s Bees is expected to be completed in the next two to three years. The Burt’s Bees and Clorox Product Supply Organization teams at last July’s integration session. REIGN IN THAT SWEET TOOTH What if you could lose a few pounds without drastic dieting and reduce your risk for certain diseases Miracle drug No, just reduce your daily sugar intake. The American Heart Association recommends no more than 5 teaspoons (20 grams) of added sugar per day for women, 9 teaspoons (36 grams) for men and 3 teaspoons (12 grams) for children. You don’t need to avoid naturally occurring sugars in fresh fruits, vegetables, low-fat dairy and whole grains, but you should check food labels for added sugars. A plain bagel has about 5.1 grams of sugar, 4.8 of which are added. Corn flakes cereal has more than 6 grams of added sugar, and some granolas are as high as 20 grams of added sugar. You don’t need to swear off all sugar (unless you want to). Just try reducing your intake with some substitutions. You’ll likely see positive results for your waistline, more consistent energy levels, and a lower risk for diseases like diabetes and some cancers. INSTEAD OF THIS ... CHOOSE THIS ... Sugary sodas Cookies or candy bars Sugary cereals Processed microwave lunches Water (add lemon or lime for flavor) or 100% fruit juice Fruit, vegetables, low-fat cheese, nuts or yogurt Whole-grain toast with egg whites or 100% fruit spread Salad with grilled chicken breast or grilled salmon 3
Page 1: T H I R D Q U A R T E R 2 0 1 1 FUN
Page 5 and 6: Justin Coe’s life experiences hav
Page 7 and 8: Competitor Profile THE LITTER LEADE
Page 9 and 10: STEVE BILBO GOES FROM 10-BELOW TO B
Page 11 and 12: Where in the World Is Clorox SPANNI
Page 13 and 14: Corporate Responsibility Clorox Cli
Page 15 and 16: New Products NEW IN CHILE Clorox ®

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