2020 Employee Profit Sharing and Community Support
Andersen Corporation proud to have donated $4 million to local communities and distributed $33 million to employees through 2020's annual profit sharing
In a year that put a spotlight on the importance of the home, Andersen Corporation was grateful for the opportunity to help make homes across the country safe, comfortable and available – and the company’s more than 10,000 employees did so with a strong sense of responsibility and urgency.
Fortunate to be designated as one of the nation’s essential businesses, Andersen continued to safely operate throughout 2020, enacting four driving principles: keep employees safe, contribute to the national effort to combat the coronavirus, maintain business continuity and preserve the financial stability of the company. This focus, combined with an unwavering commitment to the company’s values, resulted in strong business performance and the ability to share its success both with those less fortunate and Andersen employees.
“Amid a highly disruptive year, our team has risen to the challenge, just as generations of Andersen employees before us have done in times of crisis,” said Jay Lund, chairman and CEO of Andersen. “Every one of our employees remained committed to each other’s safety and wellbeing while continuing to go above and beyond to serve our customers.”
Andersen has also continued its longstanding commitment to philanthropy by supporting nonprofit organizations providing critical services to people in need. In 2020, Andersen and its related corporate foundation contributed more than $4 million in the areas of housing, education, social services, healthcare and racial justice in communities where employees live and work.
Additionally, Andersen’s research, development and innovation team pivoted its focus early in the pandemic to design and produce face shields for frontline health and safety workers. In total, Andersen donated more than 180,000 face shields, monetarily equivalent to more than $1 million, to frontline workers and organizations serving high-risk individuals across the country.
“Supporting our communities is at the heart of who we are at Andersen. We are fortunate to experience another year of business favorability and are proud to support organizations and causes that improve lives and strengthen communities at a time when the needs are so great,” said Karen Richard, senior vice president and chief human resources officer at Andersen, and president of the Andersen Corporate Foundation.
In recognition of employee contributions to Andersen's 2020 business performance, the company announced its annual profit sharing distribution to employees on December 16. For more than 100 years, Andersen has shared profits with employees. This year’s total payout of $33 million will result in $3,500 USD per eligible employee, which is $1,000 above the target for the year and 40 percent higher than 2019.
“This year’s profit sharing in particular serves as a special reminder of the importance of our company’s ‘all together’ spirit and recognizes both the extraordinary accomplishments and personal sacrifices of our employees,” Lund said.
Posted: December 17, 2020