Proudly Employee Owned For 10 Years
Bob Moore and his wife, Charlee, founded Bob’s Red Mill in 1978 with the mission of building a company that would provide wholesome foods to folks around the world, and offer financial security to its employees. After succeeding beyond his wildest dreams, Bob took it one step further in 2010, when he created an Employee Stock Ownership Plan (ESOP) that would give employees stock in the company.
The Right Thing to Do
As the company grew and became more successful, Bob found himself fending off one offer after another–large corporations that wanted to buy Bob’s Red Mill. But even though it would be immensely profitable for himself, Bob didn’t want to go down that road. After reviewing several options, Bob debuted an Employee Stock Ownership Plan (ESOP) on his 81st birthday and announced that everyone would become an employee-owner, with a goal for Bob’s Red Mill to become 100% employee owned.
Setting up an ESOP was just the right thing to do. I have people that have worked with me for over 30 years, and each and every one of them deserves this.
100% Employee Owned
That happy day came in April 30th of 2020: as of our 10th anniversary, Bob’s Red Mill is now 100% employee owned, one of only about 8,000 businesses in the country to achieve this incredible feat.
More Than Just a Job
Under an ESOP, Bob’s Red Mill employees receive company stock each year. That means each and every one of us has a vested interest in the profitability of the company, and keenly realize that what we do on a day-to-day basis can affect us all. We’re in it together, and we take pride in our work as we strive to bring fresh, wholesome food to the world.
At the end of the day, for all of us, it’s more than just a job. Obviously, it’s the same way for Bob, too.