After more than 40 years in business, California solar solutions company Sun Light & Power has implemented an employee stock ownership plan, giving 100% ownership to the company’s 80-plus employees.
Gary Gerber, founder and president, says, “For 42 years, I have proudly owned the company. Now, it’s time to transition ownership to the people who can contribute the most to its success, our employees. Our customers will also benefit greatly from this move because employee-owners are more committed than ever to their success.”
Troy Tyler, the company’s newly named chief operating officer, adds that employee-owned companies “have a positive impact on employees, customers and their communities.”
“We feel this move to be a democratically governed company prepares us well for the future,” he says. “The feedback from employee-owners and customers has been extremely positive.”