Business View Magazine March 2023

112 BUSINESS VIEW MAGAZINE VOLUME 10, ISSUE 3 HOUCHENS INDUSTRI ES followed by insurance and construction at 15 percent each, and consumer products at 10 percent. CEO and Chairman of the Board Dion Houchins plans to continue this diversification for the foreseeable future, after taking the top role in 2020. In addition, Houchens Industries has nearly $4 billion in annual revenues from all of its subsidiaries and affiliates and continues to grow. One reason Houchens is as large and financially strong as it is today is that the company became an ESOP in the late 1980s.The ESOP allocates company stock to employees annually based upon each participant’s proportion of eligible compensation. “Once we became an ESOP we essentially served as the retirement