Roeslein to sell shares to employees
Roeslein & Associates has announced that it will soon be employee-owned. The Employee Stock Ownership Plan (ESOP) set up by Roeslein will involve the majority owner, Rudi Roeslein, selling a portion of his interest in the company to its employees. The sale will be made via shares of company stock to employees as part of their retirement benefits programme. The plan will become effective beginning January 1, 2014.
Rudi Roeslein, CEO, said that the transition will take place over a period of 10 years, throughout which he will continue to work with the company to oversee the transition.
“What more I can do for you is to empower you in the next transition to become owners of this enterprise. I’ve worked with my fellow owners to come up with a plan that includes all of you in an Employee Stock Ownership Plan,” said Rudi. “That is my legacy to all of you and I hope that you’ll embrace that legacy.”