The ESOP Podcast Episode 10

The ESOP Podcast Episode 10 – Cindy Turcot, COO of 100% Employee-Owned Gardener’s Supply Company

Our guest is Cindy Turcot, Chief Operating Officer of Gardener’s Supply Company located in Burlington, Vermont and former Chair of The ESOP Association.  Cindy Turcot sat down with Bret Keisling of Captial Trustees, LLC at The ESOP Association’s record-setting November 2017 Las Vegas ESOP Conference and Trade Show held at the Paris hotel in Las Vegas, Nevada.  Their discussion covers shared capitalism, employee ownership and company culture, employee ownership month, the ESOP movement, and loving your ESOP so much that you get <3 suits.

This podcast includes some great examples of employee owner education and what participatory ownership means.  You can listen to the interview with Matt Hancock of Praxis CG referenced in this discussion here: ESOP Podcast Episode 2.

The ESOP Association Las Vegas

[Source: The ESOP Association 2017 Trade Show]

Cindy Turcot and Dave Fitzgerald and the Famous #iLoveMyESOP Suits, Source: Twitter

About Gardener’s Supply and ESOPs

Gardener’s Supply was founded in 1983 by a handful of enthusiastic Vermont gardeners. Today, they serve millions of gardeners nationwide, offering everything from seedstarting supplies and garden furniture to flower supports and garden carts.

“As of December 2009, Gardener’s Supply is 100 percent employee-owned, ensuring that customers can expect excellent products and service from people who own the company.

Vermont has long been known for its frugal, creative and independent citizens. In part that’s what fueled a decision, made 25 years ago, to invest in our employees. In 1987, after our third year in business, we adopted an Employee Stock Ownership Program (ESOP) that allows all employees to earn stock and share in company profits.

By engaging staff as owners, we unlock the creativity and commitment needed to be responsive to customers, sustain a vibrant focus on gardening and cultivate a compassionate corporate culture. Employees are encouraged to learn about all aspects of our business, so they can be active participants in shaping our business future and can contribute to our mutual success. When you do business with Gardener’s Supply, you are directly and fully supporting a Vermont business that is owned and operated by all the employees who work here.

In business, success is usually a blend of luck and hard work, and that has certainly been true for Gardener’s Supply. But we also attribute our own business success to a few other important factors.

One is the customers we serve, who are always eager to give us their feedback and good ideas. You make us better every day, and we thank you.

Second is a commitment we made from the start: to keep our feet firmly in the garden.

Third is our bright and motivated staff: the people who develop the products, create the catalogs, answer our phones, pack the boxes and pay the bills.

To learn more about employee stock ownership programs, go to the ESOP Association.”

Source: Gardner’s Supply, Proudly Employee-Owned

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