Bel Group launches employee shareholding plan
By Food In Canada Staff
Business Operations Bel Group Editor pick employee shareholdingThe program will roll out in Canada by the end of 2024
Bel Group launches an international employee shareholding plan. The We Share initiative is part of Bel’s long-term commitment to involve employees in the company’s success.
Launched in April 2024 in France, We Share showed positive results in the initial subscription period with over 40 per cent of eligible employees pre-allocating their profit-sharing and bonuses to the program. The formal subscription phase will start in mid-June.
Cécile Béliot, Bel Group’s CEO, said, “The high level of participation by our employees in France shows their confidence and commitment, as well as their desire to contribute to our future success, and I would like to thank them for this. This reinforces our determination to successfully implement our strategy and mission.”
The program will roll out in the U.S., Canada, and China by the end of 2024. Other subsidiaries will follow in 2025 and 2026. The plan is designed for employees at all levels with guaranteed minimums and growth potential.
Bel Group’s chair Antoine Fiévet said, “Our employees are at the heart of our value creation, and our aim is to share with them the value we create over the long run.”
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