EDITORIAL WORKFORCE
From staff to shareholders
ADEO, parent company of Leroy Merlin SA and the global leader in home improvement, has launched ALL ADEO, a new value-sharing scheme for its employees worldwide.
ADEO, the global leader in home improvement, has announced a significant new value-sharing scheme, ALL ADEO, designed for its 115 000 employees worldwide, including those of its subsidiary, Leroy Merlin SA. This landmark initiative aims to make every employee a shareholder by allocating the same amount of free shares to each person regardless of their role or location.
The move is rooted in the company’ s distinctive culture of sharing, which unites its employees across the globe. With the support of its family shareholder, The Mulliez Family Association( AFM), the ALL ADEO scheme strengthens this dynamic.
“ I sincerely believe that progress truly matters when it is shared and benefits everyone fairly,” says ADEO CEO, Thomas Bouret.“ Allowing each employee to become a shareholder gives concrete form to our culture of sharing, a legacy of our history that is lived every day across all our companies. ALL ADEO reflects this conviction: recognising everyone’ s contribution equally worldwide, and giving all employees the opportunity to engage sustainably in a common project.”
112 SA PROFILE www. saprofilemagazine. co. za