Herregan Distributors Announces Transition to an ESOP Company
Herregan Distributors, based in Eagan, Minnesota, announced the transition to an Employee Stock Ownership Plan (ESOP) company. This shift represents aims to foster employee empowerment, engagement, and long-term growth, the company said in a statement.
Under the new ESOP structure, Herregan Distributors' employees will become beneficiaries of the company's success, aligning their interests with the overall performance and profitability of the business. This transition enables Herregan Distributors to reward team members who have played a pivotal role in the company's growth and success.