s . KI has completed its transition to 100-percent employee ownership through its Employee Stock Ownership Plan or ESOP. The global
furniture manufacturer completed this move in April.
“This change marks the culmination of my lifelong dream to trans-
form KI into an independent, privately held, employee-owned enter-
prise,” said Dick Resch, KI CEO. “It’s a pivotal moment in our compa-
ny’s history and paves the way for future generations of KI employees
to share in the company’s growth and success.”
KI has more than 2,000 employees worldwide. Prior to the transi-
tion to full employee ownership, the company was primarily owned by
members of the Resch family and the KI ESOP. The ESOP represents
a stable ownership structure that will enable the company’s growth
over the long term. The transformation also gives KI employees greater
opportunity to take part in the benefits of stock ownership. KI is now
among the 50 largest ESOP companies in the United States.
“At KI, we take pride in our unique company culture and unwavering
commitment to our employees and customers,” Resch added.
“Complete employee ownership will ensure that our team, and the
company, continue to thrive for years to come.”
KI Completes Transition
to Employee Stock
Global furniture manufacturer KI has announced its complete
transition to 100-percent employee ownership.
Fun in the sun at the Onix booth during Coverings 2018.
Its glass tiles are made of 98-percent recycled materials
and can be installed just about anywhere. Follow
@interiorssource for more highlights.