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Mead Lumber is celebrating 25 years of employee ownership and 10 years of being 100% employee-owned.
“When Mead Lumber started down the road of becoming employee-owned 25 years ago, no one could have predicted the impact it would have on our people and our future,” says Dave Anderson, president and CEO of Mead Lumber. “We are proud that more than 30 of those first employee-owners are still with us today. Their commitment, alongside our newer employee-owners, has built a culture of trust, service and shared success. Our story is proof that when employees have a true stake in the business, everyone wins.”
The company launched its Employee Stock Ownership Plan (ESOP) on in September 2000 with employees owning a portion of the company. In 2014, Bob Mead, the last Mead family member to own the company, sold his ownership stake of the company to employees, making Mead Lumber 100% employee-owned.
The milestone will be observed across all 53 locations in nine states, with employees gathering for events, team meals and hearing from the over 30 current employees who were part of the first group of employee-owners 25 years ago.
