Board of Directors Minutes: January 2003

Board of Directors Minutes: January 2003

INTERNATIONAL BOTTLED WATER ASSOCIATION

BOARD OF DIRECTORS MEETING

Aladdin Resort and Casino

Las Vegas, Nevada

Friday, January 17, 2003

8:00 a.m. – 11:30 a.m.

 

MINUTES

 

I. Call to Order

The meeting was called to order by the Chairman Mike Verrochi, Blue Hills Spring Water, Inc., who announced the presence of a quorum. Those present were:

 

Officers

Mike Verrochi, Chairman, Blue Hills Spring Water, Inc.

Timothy Fallon, Vice Chairman, Vermont Pure Holdings, Ltd.

Chris White, Secretary/Treasurer, Suntory Water Group

Doug Oberhamer, Past Chairman, Deep Rock Water Co.

 

Directors

William G. Bell, Tyler Mountain Water Co.

H.R. Hidell, III, Hidell-Eyster, International

Dave Holdener, Nicolet Forest Bottling Co., Inc.

Scott Hoover, Roaring Springs Bottling

Charlie McCoy, Coca-Cola Danone Waters

Steve Raupe, Eureka Water Co.

Mike Reardon, Culligan International Co.

Anthony Salamone, Sunroc Corporation

Gordon Vander Helm, Danone Waters of North America

Jeff Vinyard, Crystal Springs Bottled Water

Jim Waldeck, Nestle Waters North America, Inc.

Marcus Wren, III, Music Mountain Water Co.

 

IBWA Staff/Counsel

Joe Doss, IBWA President

Robert P. Brady, Hogan & Hartson, L.L.P.

 

II. Approval of the Minutes

It was MOVED AND SECONDED to approve the minutes of the October 11, 2002, Board of Directors Meeting. MOTION CARRIED.

 

III. Treasurer’s Report

Secretary/Treasurer Chris White reported that the overall financial status of IBWA continues to be very good.

The auditors — Thomas Havey LLP — have just completed their review of the IBWA financial statements for fiscal year 2002 (December 1, 2001 – November 30, 2002). The draft auditor’s report was delivered to IBWA just this week. The final report will be mailed to the Board of Directors next week.

In 2002, total revenue was $4,316,370 and expenses were $3,998,161. The amount of excess revenue over expenses for 2002 was $318,209.

IBWA investments for the 2002 fiscal year had a realized loss of $141,653 and an unrealized loss of $166,743. The net change in IBWA assets was therefore a gain of $9,813.

The IBWA investments (reserve future fund) are being managed by Kochis Fitz, which was chosen by the Finance Committee in 2000 to be our financial advisor. They have prepared an investment policy for IBWA that now determines our investment strategy.

The 2002 fourth quarter report from Kochis Fitz was received this week and it indicates that the IBWA portfolio had a gain of 5.2% ($130,199.05) during the past three months. The overall loss for IBWA investments during 2002 was 14.4%. For comparison purposes, the S&P 500 index was up 8.4% for the fourth quarter but down 22.2% for the year.

It was MOVED AND SECONDED to accept the Secretary/Treasurer’s report. MOTION CARRIED.

 

IV. Committee Reports

Executive Committee

DWRF

Chairman Verrochi announced that IBWA would transfer $100,000.00 to the Drinking Water Research Foundation for ongoing projects.

 

Business Plan

The 2003 Business Plan was outlined and discussed.

It was MOVED AND SECONDED to accept the Executive Committee report. MOTION CARRIED.

 

Strategic Planning Committee

Bob Hirst will draft a document reflecting discussions on IBWA’s revised Strategic Plan and distribute to the Board by mid-February.

 

Supplier Committee

On behalf of Supplier Committee Chairman Mark Blackstone, Oasis Corp., Rick Hess, Hess Machine, International, presented the report. A copy of the minutes of the Supplier Committee meeting held Wednesday, January 15, 2003, is attached to and incorporated as a part of these minutes. An update was provided on the Worldwide Food Expo ’03. It was suggested that a task force review the success of the event immediately following the show to determine whether IBWA should continue its relationship with the Worldwide Food Expo in the future.

 

Government Relations

Government Relations Committee Co-Chair, Leann Underhill, Absopure Water Company, presented the report. A copy of the minutes of the Government Relations Committee meeting held Wednesday, January 15, 2003, is attached to and incorporated as a part of these minutes.

 

Technical Committee

Technical Committee Co-Chair Al Lear, Wissahickon Spring Water, Inc., presented the report. A copy of the minutes of the Technical Committee meeting held Tuesday, January 14, 2003, is attached to and incorporated as a part of these minutes.

 

It was MOVED and SECONDED to designate NSF International as the official outside auditing firm for IBWA plant inspections. MOTION CARRIED.

Communications Committee

Communications Committee Co-Chair Heidi Paul, Nestle Waters of North America, presented this report. A copy of the minutes of the Communications Committee meeting, Tuesday, January 14, 2003, is attached to and incorporated as a part of these minutes.

It was MOVED and SECONDED to register the IBWA “Splash” logo with the U.S. Trademark Office. MOTION CARRIED.

It was MOVED and SECONDED to restrict the use of the IBWA “Splash” logo to IBWA members, in a manner similar to the restrictions on the use of the IBWA seal logo, until such time as a combined logo is developed. MOTION CARRIRED.

It was MOVED and SECONDED to approve the following amended IBWA “boiler plate” statement:

“The International Bottled Water Association (IBWA) is the authoritative source of information about all types of bottled waters. Founded in 1958, IBWA’s membership includes U.S. and international bottlers, distributors and suppliers. IBWA is committed to working with the U.S. Food and Drug Administration (FDA), which regulates bottled water as a packaged food product, and state governments together with the IBWA Model Code to set stringent standards for safe, high quality bottled water products. Consumers can contact IBWA at 1-800-WATER-11 or log onto IBWA’s web site (www.bottledwater.org) for more information about bottled water and a list of members’ brands.”

 

MOTION CARRIED.

 

Membership Committee

Membership Committee Chairman Brian Gideon, Western Square Industries, Inc., presented the report. A copy of the minutes of the Membership Committee meeting held Tuesday, January 14, 2003, is attached to and incorporated as a part of these minutes.

 

Convention/Education/Awards Committee

Awards Committee Co-Chair Glen Davis, Absopure Water Co. presented the report. A copy of the minutes of the Award Committee meeting, Tuesday, January 14, 2003, is attached and incorporated as part of these minutes.

 

State Association Presidents Committee

State Association Presidents Committee Chairman Scott Hoover, Roaring Spring Bottling, presented the report. A copy of the minutes of the State Association Presidents Committee meeting, Wednesday, January 15, 2003 is attached to and incorporated as a part of these minutes.

 

Drinking Water Research Foundation

Chairman Jack West, Puro Filter Company, presented the report. A copy of the minutes of the Drinking Water Research Foundation meeting held Wednesday, January 15, 2003, is attached to and incorporated as a part of these minutes.

 

V. Old Business

There was no Old Business to discuss.

 

VI. New Business

The next meeting of the Board of Directors will be held Friday, June 20, 2003, at the Park Hyatt Hotel in Washington, DC.

 

VII. Adjournment

There being no further business to come before the Board of Directors, it was MOVED AND SECONDED to adjourn the meeting. MOTION CARRIED.

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