Bob's Red Mill is an employee-owned company.
Originally founded by Bob Moore, Bob's Red Mill began as a private company based in Milwaukie, Oregon, U.S. In a significant move that reshaped its structure, Bob Moore transitioned the entire ownership of the company to his employees through an Employee Stock Ownership Plan (ESOP) in 2010.
The Shift to Employee Ownership
This unique ownership model means that all full-time employees become partial owners of Bob's Red Mill. This fosters a strong sense of commitment and shared success among the workforce. While the company operates under the leadership of key personnel like CEO Trey Winthrop, the collective ownership lies with its employees.
Understanding Employee Stock Ownership Plans (ESOPs)
An ESOP is a type of employee benefit plan, similar to a 401(k), that provides employees with an ownership stake in the company. For Bob's Red Mill, this means:
- Collective Ownership: The company is 100% owned by its employees.
- Shared Success: As the company grows and succeeds, its employees benefit directly from the increased value of their shares.
- Commitment to Culture: This model reflects a strong commitment to the well-being and long-term involvement of its workforce.
Company Overview
| Attribute | Detail |
|---|---|
| Founder | Bob Moore |
| Company Type | Private (now 100% employee-owned) |
| Headquarters | Milwaukie, Oregon, U.S. |
| Key People | Trey Winthrop (CEO) |
| Products | Natural, gluten-free and organic foods |
This model not only rewards employees for their contributions but also ensures the company's values and long-term vision are maintained by those who contribute directly to its daily operations and success.
