Industrial Utility Efficiency    

John Henry Foster Hosts 32nd Annual ESOP Meeting

John Henry Foster hosted their 32rd Annual ESOP Meeting at the Donald Danforth Plant Science Center in St. Louis, Missouri.  The theme of the 2017 John Henry Foster ESOP meeting, held on May 5th, centered around reflection, recognition and celebration.  Events included an interactive, reflective seminar hosted by the Barry Wehmiller Leadership Institute, employee-owner recognition of efforts and achievements and a retirement celebration for a long-time (44-year) John Henry Foster family member. 

The ESOP (Employee Stock Ownership Plan), instituted in 1984 by Bob and Kathy Gau (then owners of JHF), made all employees part owners in the company at no cost to them.  “As we considered our future and how to ensure our new company would succeed, we knew two things: That we could not do it alone—our employees would have to help us make it happen—and this would be a family business with family principles, morals, and values,” Bob said. “It’s a great way to reward your people. It’s a retirement plan, bonus plan, and profit-sharing plan all rolled up into one.”  Today, John Henry Foster employees own over 65% of the company.

 

JHF Headquarters

 

John Henry Foster, established in St. Louis, Missouri in 1944, is the Midwest’s leading sales and service provider of industrial automation and process control instrumentation. Specializing in pneumatics, hydraulics, compressed air and electronic controls, JHF designs and manufactures efficient solutions for even the most complex industrial applications. Call today for more information 314-427-0600, visit www.jhf.com  or Contact a John Henry Foster Sales Representative in your area.