New Belgium Brewing is a 100% ESOP (Employee Stock Ownership Plan).
New Belgium had been a partial ESOP since 2000 with a controlling interest held by co-founder Kim Jordan and her family. In December 2012, Kim and her family sold the remaining shares to the ESOP.
“There are few times in life where you get to make choices that will have multi-generational impact – this is one of those times. We have an opportunity to write the next chapter of this incredible story and we’re really excited about that,” Jordan said at the time. “We have always had a high involvement ownership culture and this allows us to take that to the next logical level. It will provide an elegant succession framework that keeps the executive team intact ensuring our vision stays true going forward.”
If it were your company, what would you do? Look for ways to be less wasteful, be more efficient, recycle and reuse? Yep. It’s infectious. Once you start thinking of ways to make your company better, you can’t stop.
And, like all responsible business owners, it’s important to know your bottom-line, barrels, and books. Meet New Belgium’s practice of open-book management: a policy of fiscal transparency throughout the company that encourages a community of trust and mutual responsibility.
[Related: Read our Core Values and Beliefs.]
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