The Companion Group Adopts Employee Stock Options Program
On July 10, 2014, In Industry News by Greg Thompson
BERKELY, CA - Founded in 1984 in a small garage in Berkeley, Calif, The Companion Group (TCG) began with just two people making chimney starters one at a time by hand. Today, TCG has evolved into a “Family of Brands,” with 50+ employees providing design and manufacturing services for retail customers world-wide.
After a long and arduous process, TCG has adopted an Employee Stock Ownership Plan (ESOP) effective July 1, 2014. Over half of The Companion Group employees have been with the company for 10 years or more, and they believe the move to align their actions and attitudes with the principles of ownership is in the best interest of future success of the company.
Officials believe the company ownership structure will allow employees to participate with an entrepreneurial spirit and encourage enthusiasm for exceeding customer expectations.
CEO Chuck Adams says: “Our intention is to provide an additional source of retirement in combination with our standard employee benefits. We chose an ESOP program to diversify holdings and to share the success of the company with the employees. I want to extend a special thanks to all of our employees and customers, past and present.”
