PFSbrands’ owner has sold 100% of the company to its employees through an Employee Stock Ownership Plan. Shawn Burcham, the founder and CEO of PFSbrands, has long worked at instilling “ownership thinking” as one of the key driving forces behind his company’s celebrated culture. PFSbrands is the home of the prepared food brands for c-stores— Champs Chicken, Cooper’s Express and several private-label brands.
Now, Burcham has taken a radical step to enable the members of PFSbrands team to become even more motivated, more committed and more accountable to each other. As reported by CSD in January, the sole shareholders of PFSbrands—Shawn and Julie Burcham—have concluded the sale of 100% of their company to its employees through an Employee Stock Ownership Plan (ESOP). Shawn Burcham and PFSbrands senior leadership team will remain in place to continue driving the explosive growth the company has experienced over its 18-year history.
Read more: Forbes Features PFSbrands ESOP Strategy – Convenience Store Decisions
