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Published 10 days ago

Room & Board Becomes Employee Owned

Summary by Twin Cities Business
Minnesota has one more employee-owned company. On Thursday, Golden Valley-based Room & Board announced that it has adopted an employee stock ownership plan, or ESOP. The move will give the furniture retailer’s 1,100 employees a “financial stake in the company,” leaders said in a statement. In an interview with TCB, Room & Board president and chief operating officer Bruce Champeau said that the company officially became employee owned on April 1 …

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The Business JournalsThe Business Journals

Furniture retailer Room & Board is now employee-owned

Room & Board has established a $45,000 annual minimum wage for full-time employees and recognized same-sex partner benefits over 30 years ago. It says turning the company over to employees is part of a legacy of caring for staff.

10 days ago·United States
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Twin Cities BusinessTwin Cities Business

Room & Board Becomes Employee Owned

Minnesota has one more employee-owned company. On Thursday, Golden Valley-based Room & Board announced that it has adopted an employee stock ownership plan, or ESOP. The move will give the furniture retailer’s 1,100 employees a “financial stake in the company,” leaders said in a statement. In an interview with TCB, Room & Board president and chief operating officer Bruce Champeau said that the company officially became employee owned on April 1 …

11 days ago
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