Exit Is Now - Plan Accordingly With Scott Snider

The Ownership Mindset: A Conversation on ESOPs with Kerry Siggins

Jan 18, 2024
Kerry Siggins, CEO of StoneAge and author of The Ownership Mindset, shares her journey of transforming her company into an ESOP, focusing on employee ownership and culture. She discusses the challenges of scaling while maintaining a strong company culture and the importance of trust in leadership. Kerry reflects on her personal growth, overcoming struggles, and the impact of ESOP on employee retention and profitability. She also reveals her motivations for writing her book and balancing her ambitious goals with family life.
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ANECDOTE

Sustained Double-Digit Growth

  • StoneAge averaged double-digit growth most years and only slipped during major crises.
  • Kerry described managing growth as fun but demanding on culture and onboarding.
ANECDOTE

From New Hire To Lifeline

  • Kerry joined StoneAge as employee #33 and rebuilt her life through the role.
  • She credited the founders for trusting her despite youth and inexperience.
ANECDOTE

Fast-Tracked Into Leadership

  • John promoted Kerry faster than planned and gave her autonomy to learn.
  • The board later elevated her to CEO after seeing measurable growth under her leadership.
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