Home

PROVIDING VALUE TO ESOP COMPANIES

Bob Kovell
Bob Kovell ESOP Director

Bob Kovell has been helping ESOP companies become more successful for over 20 years.

Boards & Governance:

 

ESOP Sustainability:

About

Bob Kovell has been providing value to ESOPs and closely-held businesses for over 40 years, first as a CPA, subsequently as a strategic planner, and now as an independent Board Director.  He currently serves on four ESOP Boards in the manufacturing, construction, wholesale distribution and service industries.

ESOP Expertise.  Bob has provided consulting services to ESOP companies for over 20 years; has audited both ESOP operating companies and their related ESOP retirement plans; served as an ESOP transactional trustee; and currently is a member of four ESOP Boards; in Minneapolis, Saint Cloud and Willmar, Minnesota.

Extensive Governance Experience.  He has served on 10 business boards over the past several years.

M&A Consulting.  Bob has analyzed, valued, negotiated and consulted on numerous acquisitions, and spearheaded the sale of an $80 million wholesale distribution business.

40 years of CPA experience, including strategic planning services.

25 years of business appraisal experience.

Member, National Center for Employee Ownership.

 

Testimonials

Words from Jim Schiffler, Board Chair of Saint Cloud Industrial Products, Inc., a 100% ESOP-owned Company:

“… if you are looking for a board member with a strong finance background Bob Kovell is your guy“

Jim Schiffler, Board Chair
Saint Cloud Industrial Products, Inc.

“Bob’s work on our Board of Directors and his extensive knowledge about ESOPs has helped guide our business through the transition of becoming 100% ESOP-owned. Bob is a strategic thinker and problem solver and he has helped our company to move toward planning for the future, and not just “the now.”
Furthermore, I trust him to always be honest about what he thinks is best for the company.”

Tina Erpenbach, President
Northern States Supply

“Bob Kovell is an extremely gifted financial adviser and his integrity is unquestionable.  Bob understands accounting for management purposes and is a strategic thinker. “

Steve Linder, President 
Lakeland Broadcasting Co.

“As Vice-Chair of the Joint Finance Committee, Bob has provided substantial value to CentraCare Health & St. Cloud Hospital, a combined entity with revenues of $1.8 billion. He is a strategic thinker who has made a significant impact on our organization.”

Greg Klughertz Former CFO 
CentraCare Health

Professional Speaking

  • “Board and Director Evaluation,” at the National Employee Ownership Conference, April 2020, sponsored by the National Center for Employee Ownership (NCEO).
  • “St. Cloud Industrial Products Board Panel Discussion,” at the MN-DAK ESOP Association’s Annual Board of Directors Conference, June 2019.