Harrell’s is celebrating its 75th anniversary in a very big way by offering its employees an ownership stake to take the company forward in the future.
(Pictured: Harrell's CEO Jack Harrell Jr. speaking at a conference last month in Lexington, Ky.)
In a statement, the company
said: “Harrell's, LLC is proud to announce the formation of the
Harrell's Employee Stock Ownership Plan. As of September 30, 2016,
Harrell's ESOP has been vested as the sole owner of Harrell's, LLC. The
Harrell and Schermerhorn families are confident that the Harrell's ESOP
will be the catalyst for sustained growth, heightened employee morale,
and provide the foundation for the future of the company.”
The
company said the decision to form the ESOP was based on their
longstanding core belief that its employees are its greatest asset.
“Through the Harrell's ESOP, our employees will have a greater
connection to the value creation of the company in order to better
provide for their future,” the statement said. “This new and exciting
chapter is a continued part of Harrell's goal to be an industry leader
through empowering its employees to work for our customers' success.”
For more details, visit www.harrells.com.
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