Harpoon Is Now An Employee-Owned Company!
By: Dan Kenary, Co-Founder and CEO Published:
Last night we all gathered in the Beer Hall at our Boston brewery to toast each other as the new owners of the Harpoon Brewery. It was a fantastic moment. On August 1st, an Employee Stock Ownership Plan (ESOP) will go into effect. This reflects the outstanding people we have here at Harpoon and our commitment to each other and our beer. It also reflects the enormous support you have given us. Thank you!
Some details: The existing shareholder group sold 48% of Harpoon’s shares to an ESOP. This new structure of employee ownership means you can count on Harpoon to stay independent and dedicated to its mission: brewing great beer and sharing unforgettable beer drinking experiences. After 28 years of incredibly hard work towards his pioneering vision, Rich Doyle will step down as CEO. He will remain involved on a part-time basis. While these are all big changes, Harpoon will continue to look (and, of course, taste!) the same.
Twenty-eight years ago we had a dream to not only make great beer and share it with our friends and neighbors, but to change the way people in Boston and New England thought about beer and breweries. The ESOP is a huge milestone on this journey. It would not have happened without you.
Thanks again and cheers!