The Tullis Russell difference
In 1986 the Russell family started a ground-breaking process, whereby the ownership of the company would transfer to its employees.
A unique vision of ownership
The move towards employee ownership was a decision inspired by the strong personal belief of our then Chairman, David Erdal. He saw that employee ownership was a healthier, more satisfying company structure for employees and management - and that it would lead to deeper levels of employee engagement and higher levels of customer satisfaction than could be achieved within a traditional shareholder or privately-owned structure. This is perfectly aligned with the guiding philosophy of The Russell Trust.
Today, 70 per cent of our ordinary shares are now owned by employee ownership trusts with the balance being held by The Russell Trust.
Our ownership structure means that everyone in the business has the opportunity to contribute to, and benefit from, our success. All of us are motivated to work in partnership to deliver the very best for our customers, our fellow employees and our local community.
"Being employee-owned gives us a greater motivation to succeed because it's our company as well; it's not just someone else's company." (Tullis Russell employee)
The Russell Trust
The Russell Trust is a Charitable Trust supporting a broad range of local charities. Every year it donates significant amounts to hundreds of different charities and educational institutions.
It operates under a guiding philosophy to keep Tullis Russell independent and by so doing keep it flexible and responsive to its customers. Decisions are based on the best interests of our customers, our suppliers and above all, our employees.