“When Jerry founded the company he talked about doing the right thing for our customers, our employees and the world,” said Deborah Farrell, one of three equal managing directors who now lead the company. “That idea of the ‘triple bottom line’ wasn’t even a thing then, but he made it a thing. For us to become a worker-owned coop is a fulfillment of that vision.”
Here’s how it will work: the company is now led by three managing directors and a board of directors, which includes two managing directors to help with board development. By 2024, the board will be composed entirely of non-managers and managers would be ineligible to be board members.
“In this way the worker-owners will have a real voice in how the company is run and the burden of management will fall on the managers who were hired to do that,” Farrell said.
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