Employee Ownership (ESOP)
Pioneer Millworks & New Energy Works
We are a 100% Employee-Owned company.
In 2023 we transitioned from the single ownership of our founder Jonathan Orpin to being and employee-owned company as an ESOP.
An ESOP (Employee Stock Ownership Plan) is an employee benefit plan that enables coworkers as a group to own interest in part, or all, of a business in the form of shares of stock. It is also a type of Trust that acts as a retirement plan, similar to a 401K, by investing in company stock and holding its assets in the Trust for employee-owners, at no cost to those employee-owners, that also increases employee retention long term.
Having long operated on the triple bottom line—a simple belief that people, planet, and profit work together to ensure a better future, the New Energy Works and Pioneer Millworks transition to employee-ownership and a c-suite of executives & ESOP board of directors is intended to ensure the environmental and social commitments the business was founded on 30+ years ago continue far into the future.
New Energy Works & Pioneer Millworks ESOP Board Structure:
Internal Board Members:
Jonathan Orpin — CEO & Chair of the Board
Eric Fraser — New Energy Works East Coast General Manager
Jonathan Taylor — Pioneer Millworks Operations
Independent Board Members:
Stephanie Olexa, PhD, MBA — Lead to the Future
Newell Isbell Shinn — South Mountain Company
John Baxter — Graham Co.