Nigel Schroder, Group CEO of the Herd Group of businesses is delighted to announce a lasting legacy for all employees, as the Herd Group Employee Ownership Trust (HG-EOT) is now in place, effectively meaning that all members of the Herd Group Team now ‘own’ the business.
The Herd Group, an expert in the provision and management of Commercial Vehicles within the Rental and Fleet Management channels, has seen significant year on year growth since the business was founded in 2014, a respected and leading brand, recognised as the industry leader in providing exceptional Customer CARE.
By creating the HG-EOT, it has provided continuity in all areas, the Herd brand will be in place for years to come and the Herd Team, who are integral in the success of the business, will all benefit from its success.
Employee Ownership Trusts (EOTs) were introduced by the Government in 2014 to encourage more shareholders to set up a corporate structure similar to the John Lewis model. The aim is to facilitate wider employee-ownership, allowing employees to share in and shape a company’s future success.
This is a hugely positive way to start 2023 and there will be so much more to come from Herd in this year and for years to come.
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