Ciranda, Inc. shifts company ownership to employees
In keeping with longstanding efforts to promote sustainability and economic fairness for all, the privately owned Ciranda, Inc. has announced that 100 percent of its shares have been sold to an Employee Stock Ownership Plan (ESOP). Ownership of Ciranda will be shared with all eligible employees through annual stock distributions, giving employees a growing ownership stake in the company. The sale became effective on October 1, 2017, at the start of the company’s fiscal year.
“Our employees inspire us every day with their passion and creativity,” said Ciranda CEO Hans Friese. “The ESOP allows us to transition the company into the hands of those who have helped build it, and those who will join us in the future.” The company currently employs 44 people.