New Belgium, brewer of a wide variety of beers including Fat Tire Amber Ale, has been a partial ESOP since 2000 with a controlling interest held by co founder Kim Jordan and her family.
New Belgium CEO and co-founder, Kim Jordan, said: “There are few times in life where you get to make choices that will have multi-generational impact – this is one of those times. We have an opportunity to write the next chapter of this incredible story and we’re really excited about that.
“We have always had a high involvement ownership culture and this allows us to take that to the next logical level. It will provide an elegant succession framework that keeps the executive team in tact ensuring our vision stays true going forward.”
Source: New Belgium Brewing
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