Wednesday, June 30, 2010

Clif Bar & Company Becomes 20 Percent Employee-Owned

"BERKELEY, Calif.--(BUSINESS WIRE)--Clif Bar & Company, the leading maker of all-natural and organic food and performance nutrition for athletes, is pleased to announce the selling of family-owned common stock to its employees through an Employee Stock Ownership Plan (ESOP). Employees through the ESOP own 20 percent of the company, while husband and wife owners -- Gary Erickson and Kit Crawford -- retain the remaining 80 percent.

“All along we wanted to create a company where we would want to work,” said Crawford, Clif Bar & Company’s co-CEO. “Employee ownership is one more way we could run a different kind of business: one that inspires a team of people to make the kind of delicious, nutritious food we’d like to eat, and that strives for a healthier, more sustainable world.”"

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