Bob's Red Mill became employee-owned in 2020 with an Employee Stock Ownership Program or ESOP.
Bob's Red Mill is one of about 6,500 American companies that operate with an Employee Stock Ownership Plan, or ESOP, according to the National Center for Employee Ownership (NCEO).
Bob's Red Mill CEO Trey Winthrop said the ESOP boosts employee engagement.
Bob's Red MillWhen an ESOP is formed, ownership shares are distributed to employees, giving them a financial stake in the success of the company.
Related storiesESOPs boost employee engagement and can lead to hefty payoutsWinthrop, who was at Bob's Red Mill long before the ESOP, said being employee-owned boosts employee engagement and retention.
Persons:
Mill, Trey Winthrop, Bob Moore, Winthrop, —, Moore, Bob, it's, doesn't
Organizations:
Service, National Center for Employee, ESOP Association
Locations:
Florida