KI Now 100% Owned by Employees; Resch Calls it ‘A New Era’ for Company

Business of Furniture | May 2, 2018
By Rob Kirkbride
KI could have sold out to any number of suitors, including those in the industry, an investment company or conglomerate, but Chief Executive Officer Dick Resch said it was important to him that ownership remain with its employees through an Employee Stock Ownership Plan or ESOP.

KI completed the move to become a 100 percent employee-owned company late last week, a shift that should keep the company solidly independent and keep it in Green Bay for the long term.

KI could have sold out to any number of suitors, including those in the industry, an investment company or conglomerate, but Chief Executive Officer Dick Resch said it was important to him that ownership remain with its employees through an Employee Stock Ownership Plan or ESOP. He called it the beginning of a new era for KI.

“The goal was to transfer ownership to all employees, keep the company in Green Bay and support the greater community that we are in,” he said.

Read more: (KI IN THE NEWS – BUSINESS OF FURNITURE) https://www.ki.com/About_Us/Pressroom/KI_In_The_News/2018/KI_Now_100__Owned_by_Employees;_Resch_Calls_it__A_New_Era__for_Company.aspx

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