The ESOP Association Blog

Covering ESOPs and employee ownership

July 2015 Link Round Up

It’s that time again…see what you might have missed this month.

 

Booth Sales Open for 2015 Las Vegas Conference & Trade Show

 

ESOP Association President Comments on the Passing of Carolyn B. Long

 

Raise the Bar: More Pro-ESOP Bill Sponsors Needed

 

ESOP Chapter Membership

 

2015 Summer Advocacy Kits Available

 

New Center for American Progress Report Touts Capitalism for Everyone

 

Discussions of Capitalism

ESOP Company News for July

July 2015 Legislative Update

The July 2015 ESOP Report was published

Publications Highlight: Administration Handbook

Mid-Atlantic Chapter Round Table Re-Cap

2015 Las Vegas Conference and Trade Show Preliminary Agenda released

RELEASE: Expansion of S ESOPs Recommended by Senate Finance Committee’s Tax Reform Working Group on Savings & Investment

Welcome New ESOP Association Professional Members

Northwest Chapter News

Information on the Las Vegas Conference and Trade Show

Filed under: ESOP Report, Government Affairs, News Links, Publication, TEA Members,

July 2015 ESOP Company News

We thought we’d share some news from ESOP Association members today.

Congressman Meehan Visits SEL in King of Prussia

On May 11, 2015, ESOP Association member, Schweitzer Engineering Laboratories’ (SEL) King of Prussia team discussed the benefits of being a 100 percent employee-owned company with Rep. Patrick Meehan (R-PA) during his visit to their Pennsylvania office.

The Congressman toured the company’s business and engineering services facility and learned about the American manufacturer’s role in protecting power grids around the world. SEL employees also provided updates on recent projects related to power grid protection, control and cybersecurity.

“One in four private sector workers is employed by S-corporations like SEL,” said Congressman Meehan. “Employee stock ownership plans give workers a greater stake in a business’ success and enable more employees to benefit directly from a firm’s performance. I’m grateful to have the opportunity to visit SEL today, meet its talented team and learn more about the work they do.”

Meehan represents Pennsylvania’s 7th Congressional District and is a member of the House Ways and Means Committee which oversees a number of issues, including taxes and retirement. During his visit, Meehan provided a status update on tax reform efforts and learned about the SEL ESOP, which is helping more than 2,000 SEL employees build robust retirement accounts.

“As employee-owners, we are motivated to create quality products that help our customers and, in turn, help SEL and our ESOP continue to grow,” said Angelo D’Aversa, manager of Research & Development in the SEL King of Prussia office.

SEL Meehan

ComSonics Meets with Congressman Goodlatte

CEMSI, ComSonics Electronic Manufacturing Services Incorporated, located in Harrisonburg, Virginia recently hosted Congressman Bob Goodlatte (R) of Virginia’s 6th District for a tour of the ComSonics manufacturing facility. ComSonics reported that Congressman Goodlatte has always been a strong supporter of employee ownership and he is always willing to take time from his busy schedule to visit with our employee-owners when he is available.

During his visit, there was time to answer questions and the Congressman shared his views about employee ownership and his ongoing belief that it works. ComSonics employee owners also took the time to discuss H.R. 2096 and asked for his support on the Promotion and Expansion of Private Employee Ownership Act.

ComSonics also provided a letter asking for his backing upon his departure. Within a few weeks the company received a letter from the Congressman noting that he was pleased to inform ComSonics that he had become a cosponsor of the legislation.

ConSonics Goodlatte

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 Employee-Owned Adworkshop Wins Two National Awards for Excellence in Healthcare Advertising

The Aster Awards Honored Adworkshop, an integrated marketing agency with headquarters in Lake Placid, New York and offices in Albany and Manhattan, and ESOP Association member, with two Aster Awards for its work on behalf of Canton-Potsdam Hospital (CPH) for excellence in healthcare advertising and marketing.

The Aster Awards, a nationally ranked competition recognizing the “most talented healthcare marketing professionals for excellence in advertising,” are sponsored by Marketing Healthcare Today Magazine. Winners were announced the first week of May.

Adworkshop won a Gold Aster in the Poster/Display-Single Category for its CPH “Unusual Beats” poster showcasing Cardiologist Dr. Znojkiewicz’s specialization in irregular heart rhythms. In addition, Adworkshop was awarded a Bronze Aster in the Service Line – Women’s category for its “Dense Breast Campaign” highlighting CPH’s Automated Breast Volume Scanning (ABVS) as a preventative breast cancer tool.

“We are honored by the national recognition the Aster Awards bring to Adworkshop’s creative work on behalf of Canton-Potsdam Hospital,” said Wendy Knight, Adworkshop’s Senior Managing Director. “We serve as partners for our clients and are excited that these awards recognize CPH’s innovative offerings, and bring greater awareness to the outstanding care offered at the hospital.”

Filed under: TEA Members

Mid-Atlantic Chapter Roundtable Re-Cap

Recently, the Mid-Atlantic Chapter of The ESOP Association held an HR Roundtable meeting on June 23, 2015 which was hosted by Association member, Miklos Systems in Fairfax, VA. According to Chapter members, it was a great event with lots of ideas shared.

The Mid-Atlantic Chapter is one of 18 chapters of the Association that provides educational services and resources to member companies in Maryland, Virginia, West Virginia, and the District of Columbia.Mid Atlantic HR Roundtable Meeting at Miklos Systems

If you’re looking for an event in your local area, take a look at our calendar of events. We have some great events in the works.

Filed under: Chapter News, TEA Members, ,

Welcome New ESOP Association Professional Members

A few weeks ago, we officially welcomed new corporate members and now we want to take a moment to welcome new professional members to the Association.

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Mr. Charles Lynch, Alliance Bernstein, Philadelphia, PA

Mr. Mark Shorthouse, Argent Trust Company, Atlanta, GA

Mr. David Hanson, Barclays, Chicago, IL

Mr. Mark Clark, Benefit Associates, Huntington Beach, CA

Mr. Jeff Zaremba, BKD, LLP, Oakbrook Terrace, IL

Ms. Kim Thompson, Blue Ridge ESOP Associates, Charlottesville, VA

Mr. Matthew Simon, BMO Harris Bank, Milwaukee, WI

Mr. Chad Rock, BMO Harris Bank, Kansas City, MO

Mr. Matt Mayer, BMO Harris Bank, Kansas City, MO

Ms. Jen Auner, BMO Harris Bank, Milwaukee, WI

Mr. Neil Riegelman, BMO Harris Bank, Milwaukee, WI

Mr. Brandt Brereton, Brereton, Hanley & Co., Inc., San Jose, CA

Mr. Robert Gagne, BTC ESOP Services, Des Moines, IA

Ms. Kayla Adams, Business Transition Advisors, Inc., Portland, OR

Mr. James M. Kazmier, CohnReznick LLP, Chicago, IL

Mr. Daniel M. Lynn, Deloitte Transactions and Business Analytics LLP, Chicago, IL

Ms. Mae Blommel, Eide Bailly LLP, Fargo, ND

Mr. Wesley Thompson, Expense Reduction Analysts, Inc., Franklin, MI

Mr. Fred W. Muhleman, Expense Reduction Analysts, Inc., Canandaigua, NY

Mr. Ralph W. Owens, Expense Reduction Analysts, Inc., Sumter, SC

Ms. Sonia C. Gamache, Expense Reduction Analysts, Inc., Lithia, FL

Mr. Martin Leiter, Expense Reduction Analysts, Inc., Chicago, IL

Mr. Rob Peterson, Expense Reduction Analysts, Inc., Waukee, IA

Mr. Dave Page, Expense Reduction Analysts, Inc., Saint Louis, MO

Mr. Kurt Rundle, Expense Reduction Analysts, Inc., Holly Springs, NC

Mr. Steven L. Severson, Faegre Baker Daniels LLP, Minneapolis, MN

Ms. Debra L. Hinshaw, Faegre Baker Daniels LLP, Indianapolis, IN

Mr. Dennis Floro, Floro & Associates, Montgomery, TX

Mr. John E. Ashbrook, FMV Opinions, Inc., Irvine, CA

Mr. Joel Farrar, Foster Swift Collins & Smith P.C., Lansing, MI

Ms. Jennifer A. Fortner, Goldman Sachs & Company, Chicago, IL

Ms. Hallie E. Goodman, Gray, Plant, Mooty, Mooty & Bennett, P.A., Minneapolis, MN

Mr. Robert Owca, GreatBanc Trust Company, Lisle, IL

Ms. Rebecca G. DiStefano, Greenberg Traurig, LLP, Boca Raton, FL

Mr. Michael W. Kozemchak, Institutional Investment Consulting, Bloomfield Hills, MI

Ms. Lara Hemingway, K&L Gates LLP, Spokane, WA

Ms. Kelly Reale, Key Equipment Finance, Albany, NY

Mr. Daniel Wintz, Koley Jessen P.C., L.L.O., Omaha, NE

Mr. Brian Sharkey, Kreischer Miller, Horsham, PA

Mr. John C. Dorsey, Manning, Fulton & Skinner, P.A., Raleigh, NC

Mr. Rob Metcalf, MarksNelson LLC, Kansas City, MO

Mr. Matt Barberich, MarksNelson LLC, Kansas City, MO

Ms. Erin Hollis, Marshall & Stevens, Inc., Chicago, IL

Ms. Ashley Kirchner, MB Financial Bank, N.A., Rosemont, IL

Mr. James Edwards, McCready and Keene, Inc., A OneAmerica Company, Indianapolis, IN

Mr. Joe Duncan, McCready and Keene, Inc., A OneAmerica Company, Indianapolis, IN

Ms. Michelle Buckley, Meaden & Moore, Ltd., Cleveland, OH

Mr. John A. Tardio, MBA, ASA, Meyers, Harrison & Pia, LLC, New Haven, CT

Mr. David Turner, Millennium Trust Company, Oak Brook, IL

Mr. Dabney Smith, Mosaic Capital Partners, Charlotte, NC

Mr. William Hayes, Mosaic Capital Partners, Charlotte, NC

Mr. David Jasmund, PCE Investment Bankers, Winter Park, FL

Ms. Lydia Jun, PenChecks, Inc., La Mesa, CA

Ms. Diane Feistel, Principal Financial Group, Appleton, WI

Mr. Jeff Prince, ProCourse Fiduciary Advisors, Carmel, IN

Mr. David N. Pardys, Esq., Reed Smith LLP, Philadelphia, PA

Mr. David A. Surbeck, Reed Smith LLP, Philadelphia, PA

Mr. John Martini, Reed Smith LLP, Philadelphia, PA

Ms. Cheri L. Jones, Rehmann, Vero Beach, FL

Mr. Richard E. Vendig, Richard E. Vendig, LLC, Pound Ridge, NY

Mr. Travis E.J. Dutton, Riggs, Counselman, Michaels & Downes Inc., Baltimore, MD

Ms. Heather Rooney McBride, Rooney McBride & Smith, LLC, Springfield, MO

Mr. Avery Chenin, Steiker, Greenapple & Croscut, P.C., Cleveland Heights, OH

Mr. Matthew Hricko, Stout Risius Ross, Inc., Chicago, IL

Ms. Lorene Pierre, Swerdlin & Company, Atlanta, GA

Ms. Emily S. Horn, Taylor English Duma LLP, Atlanta, GA

Mr. Michael Goldstein, The Gottlieb Organization, Chagrin Falls, OH

Mr. Garrett McDaniel, The Gottlieb Organization, Chagrin Falls, OH

Mr. Judd Kohn, The PrivateBank and Trust Company, Chicago, IL

Mr. Steven LeClair, UBS Financial Services, Dublin, OH

Ms. Renee Milyiori, UBS Financial Services, Dublin, OH

Ms. Cyndi Livermore, William E. Howell, LLC, Manchester, NH

Filed under: Member Services, TEA Members,

June 2015 Roundup

It’s the last day of June so a monthly wrap-up it is!

Upcoming 2015 July events

Support for ESOPs

The June 2015 Washington Report from the ESOP Report

Welcome to new corporate members

We shared a pic of the 2015 Employee Ownership Month Poster Contest winner

Show your ownership spirit

The June 2015 ESOP Report was published

Registration is now open for the 2015 Employee Owner Retreat

Jobs remained stable in the employee stock ownership sector

ESOP advocates list

Spring Advocacy Kits

Dates announced for the 2015 Employee Owner Retreat

We noted how to access Issue Briefs and the Membership Directory on the website

Carris Reels beats the drum for ESOPs

Filed under: Chapter News, Conference Information, Economic Performance, Employee Ownership Foundation, Employee Ownership Month (EOM), ESOP Report, Government Affairs, Issue Brief, Member Services, Publication, TEA Members,

Welcome New ESOP Association Members

We wanted to take a moment to officially welcome new corporate members to the Association.

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Amid, Inc. Aka American Medical Identifications, Houston, TX

BLM Technologies Inc., Plymouth, MN

Bruske Products, Tinley Park, IL

Carney, Sandoe & Associates, Boston, MA

Clark Insurance, Portland, ME

Clim-A-Tech Industries, Inc., Hopkins, MN

Controlled Blasting, Inc., Winder, GA

Davies Office Refurbishing, Inc., Albany, NY

De Maximis, Inc., Knoxville, TN

Diablo Country Magazine, Inc., Walnut Creek, CA

Digicon Corp., Rockville, MD

Dividend Assets Capital, Ridgeland, SC

Electro-Matic Ventures, Inc., Farmington, MI

Employee Benefits Corporation, Madison, WI

First State Bancorp of Monticello Inc., Monticello, IL

Foley Material Handling Co., Inc., Ashland, VA

Goettle Construction, Cincinnati, OH

Hamill Manufacturing Company, Trafford, PA

Henny Penny Corporation, Eaton, OH

Hoffman & Hoffman, Inc., Greensboro, NC

Homeland Security Solutions, Inc., Hampton, VA

ICM, Inc., Jacksonville, AR

Carlson Services, Inc., Shevlin, MN

Jasper Rubber Products, Inc., Jasper, IN

JLG Architects, Grand Forks, ND

KeHE Distributors, Inc., Naperville, IL

Kenneth’s Hair Salons & Day Spas Inc., Columbus, OH

McCownGordon Construction, Kansas City, MO

Mead Lumber, Columbus, NE

Millenium Medical Education Resources, LTD., Doylestown, PA

National Technologies Associates, Inc., Arlington, VA

Network Center Inc., Fargo, ND

New England Controls, Mansfield, MA

Normandeau Associates, Inc., Bedford, NH

P.W. Grosser Consulting, Inc., Bohemia, NY

Parman Energy, Nashville, TN

Patton Hospitality Management, Asheville, NC

PCG Equity, San Francisco, CA

Printing Technologies, Inc., Indianapolis, IN

Public Affairs Support Services, Inc., Reston, VA

Raulli & Sons Inc., Syracuse, NY

Sain Engineering Associates, Inc., Birmingham, AL

Steel-Pro, Inc., Rockland, ME

Strem Chemicals, Inc., Newburyport, MA

Tecnico Corporation, Chesapeake, VA

Texas Scenic Company, Inc., San Antonio, TX

The Auto Park, Inc., Plymouth, IN

Virginia Systems and Technology, Inc., Warrenton, VA

Filed under: Member Services, TEA Members,

Carris Reels Beats the Drum for ESOPs and Employee Ownership

April 16, 2015, in Proctor, Vermont, Carris Reels hosted an employee-ownership celebration, conversation, and film festival — three events baked into one!

The evening started with a happy hour featuring beer crafted by employee-owned Harpoon Brewery and several employee owners from Harpoon were able to attend the event as well. Carris Reels is also proud to have had friends from employee-owned King Arthur Flour from Norwich, Vermont and Hypertherm of Lebanon, New Hampshire in attendance.

The program featured nationally renowned speakers, including Alex Moss from Praxis Consulting of Philadelphia, Pennsylvania. Mr. Moss’s speech focused on the power of owning your work. Michael Keeling, President of The ESOP Association from Washington, DC, talked about the appeal of the ESOP model to champions in both parties, such as Congressman Paul Ryan and Senator Bernie Sanders. Mr. Keeling also amplified Senator Sanders’ message that employee ownership should be important national policy. Daphne Berry, a Kelso Fellow and Assistant Professor from the University of Hartford, Barney School of Business spoke about her research. Interestingly, the statistics she cited from her research showed greater engagement in ESOP-owned companies than in traditionally-owned companies and also greater than in non-profit organizations. Susan Reid, Editorial Director of Sift Magazine and employee owner of King Arthur Flour talked about her experiences working at an employee-owned company and many of the things King Arthur Flour’s employee owners have in common with other employee-owned companies.

The evening began with a warm welcome by David Ferraro, President of Carris Reels and concluded with Chairman of the Board Bill Carris’ reflections on Carris Reels’ 20 years as an employee-owned company. Dave Fitz-Gerald, Carris Reels’ Vice President, who also serves as Secretary/Treasurer of The ESOP Association and a trustee for the Employee Ownership Foundation, served as master of ceremonies and during the course of his various statements during the evening advocated for ESOP owned companies to “adopt a Kelso Fellow” so that researchers could have access to information about privately-held ESOP owned companies.

The heart of the evening was a series of video presentations, the foundation of which was a lively four minute video made especially for the occasion by Senator Sanders followed by a mash-up video of various other members of Congress representing both political parties. Next on the program were short company videos from King Arthur Flour, Harpoon Brewery and Carris Reels. The feature presentation was “We the Owners,” an award-winning documentary film that captures the inspiring stories of three employee-owned companies.

Volunteers from Carris Reels staffed a 50/50 raffle for benefit of The Paramount Theater. The winner of the raffle was Carris Reels’ 50 year employee-owner Jake Jakubowski who went home $245 richer. In addition to the $245 raised for the Paramount the Carris Foundation made a triple match donation to the Paramount in the amount of $1,470 and also made a $1,470 matching donation to the Employee Ownership Foundation to support its work on research and educating the general public about employee ownership.

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Thanks to Dave Fitz-Gerald of Carris Reels for sharing the photos and story with the ESOP Report.

Have ESOP news to share? We’d love to hear about it! Send an email to the ESOP Report at media AT esopassociation.org with a write-up of your event and photos.

Filed under: TEA Members,

May 2015 Link Round Up

It’s June 1 it is which means this is your May news re-cap.

Leading in an Ownership Setting: The Program for CEOs

New Spring Advocacy Kit is available

We talked pro-ESOP legislation

We provided a legislative update on H.R. 2096 and S. 1212

May 2015 ESOP Report was published

We shared some talk about ESOPs

We talked ESOP company news

Dates were announced for the 2015 Employee Owner Retreat

S. 1212 was introduced in the Senate

Congrats to the 2015 ESOP Award & AACE Award winners

The 2015 Annual Conference App was announced

We connected at the Annual Conference with members

We announced new Chairs!

Filed under: AACE - Annual Awards for Communications Excellence, Conference Information, Employee Ownership Foundation, Employee Ownership Message, ESOP Report, Government Affairs, Member Services, Publication, Silver ESOP Awards, TEA Members,

ESOP Company News Edition

The following news from ESOP Association members ran in the April 2015 ESOP Report and we wanted to share with readers here. If you have ESOP company news to share, please send an email to media AT esopassociation.org.

Gibson Named Best Places to Work in Indiana for Third Consecutive Year

Gibson-Insurance-Logo-300x116Gibson, an ESOP Association member, was recently named as one of the 2015 Best Places to Work in Indiana.  The statewide survey and awards program is designed to identify, recognize, and honor the best places of employment in Indiana, benefiting the state’s economy, its workforce, and businesses.  The 2015 Best Places to Work in Indiana list of 100 companies is made up of four different size categories.

Companies from across the state entered the two-part process first by evaluating each company’s workplace policies, practices, and demographics.  This part of the process was 25% of the total evaluation.  The other 75% consisted of an employee survey to measure the employee experience.  The combined scores determined the top companies and the final ranking.  An independent firm, Best Companies Group, managed the process, analyzed the data, and used their expertise to determine the final rankings.

Gibson will be recognized at the Best Places to Work Awards Dinner in May. Gibson is a 100% employee-owned (38% ESOP), regional insurance broker and risk management services firm with offices in South Bend, Plymouth, Indianapolis, and Fort Wayne, Indiana.

 

Schweitzer Engineering Laboratories and National Association of Manufacturers Honor Congresswoman McMorris Rodgers

On March 10, 2015 the National Association of Manufacturers (NAM) awarded Congresswoman Cathy McMorris Rodgers (R-WA) the NAM Award for Manufacturing Legislative Excellence at an event hosted by NAM member Schweitzer Engineering Laboratories in Pullman, Washington.

“American manufacturing is critical to the strength of our nation’s economy,” said Edmund O. Schweitzer, III, president of Schweitzer Engineering Laboratories. “We applaud Congresswoman McMorris Rodgers’ efforts in support of a free, flat, and fair environment that enables manufacturers to grow, create jobs, and keep ahead of global competition.”

“Contributing almost 290,000 jobs to Washington state, manufacturers help grow our local economy from the bottom up,” said Congresswoman McMorris Rogers. “As a representative of the most trade-dependent state in the nation, I am proud to support this innovative, expanding industry that strengthens our opportunity economy. Our exports are critical to men and women across the state, and manufacturers understand that better than anyone.”

You can see more on the company’s Facebook page.

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Filed under: Government Affairs, Member Services, TEA Members, ,

NEWS: Cindy Turcot Elected Chair of The ESOP Association – Mark R. Lomele to Become Chair of the Employee Ownership Foundation

The ESOP Association and the Employee Ownership Foundation sent out the following releases today.

esop-logo-large1.jpgFor Immediate Release: May 1, 2015

Cindy Turcot Elected Chair of The ESOP Association

Members Installed to Board Positions

May 1, 2015 (Washington, DC) – Cindy Turcot, Chief Operating Officer of Gardener’s Supply Company located in Burlington, Vermont, has been elected to serve as Chair of The ESOP Association. The ESOP Association is the national trade association for companies with employee stock ownership plans (ESOPs) and the leading voice in America for employee ownership.

Ms. Turcot is an active member of The ESOP Association and the Association’s New England Chapter. She has served on The ESOP Association’s Board as Vice Chair for the last two years. Her term as Chair begins May 1, 2015 and will continue until April 30, 2017.

“Cindy has been active in the ESOP community and with the Association for many years,” said ESOP Association President, J. Michael Keeling. “Her contributions have increased the effectiveness of Association services and we are excited Cindy will be the Chief Elected Officer of the Association and the primary driver of the Association’s mission to advocate and educate for employee ownership for the next two years.”

In addition to Ms. Turcot’s election to Chair: David Fitz-Gerald, Vice President & CFO, Carris Reels, Inc., Proctor, Vermont will become Vice Chair; Raman Venkat, Office of the CEO/CFO, LeFiell Manufacturing Company, Santa Fe Springs, California will become Secretary/Treasurer; David L. Kelly, Vice President & Chief Financial Officer, Acadian Ambulance Service, Inc., Lafayette, Louisiana will become Immediate Past Chair. Mark R. Lomele, Senior VP & CFO, Recology, San Francisco, California will become Chair of the Employee Ownership Foundation. Joining the Association’s Board as At-Large Board Members representing corporate members: Cindy Lewis, President/CEO, AirBorn, Inc., Georgetown, Texas and Michael Willard, CEO, Salem Distributing Company, Inc., Winston Salem, North Carolina. Joining the Board as an At-Large Board Member representing a professional member: Linshuang Lu, Consultant, Praxis Consulting Group, Inc., Philadelphia, Pennsylvania. Returning Board Members: Tony Lessmeister, Manager/Integration & Configuration Center, Forsythe Technology, Inc., Skokie, Illinois, Chair of the State and Chapter Regional Council; Peter J. Shuler, Manager, Crowe Horwath LLP, Columbus, Ohio, Chair of the Advisory Committees Chairs Council.

The Board of Directors is the premier governing body of The ESOP Association. Seven members of its ten person Board of Directors are elected by the Association’s Board of Governors who are elected by Association members.

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FoundationFor Immediate Release: May 1, 2015

Mark R. Lomele Elected Chair of the Employee Ownership Foundation

May 1, 2015 (Washington, DC) – The Employee Ownership Foundation announced today that Mark R. Lomele, Senior Vice President and Chief Financial Officer of Recology located in San Francisco, California, will take over as the new Chair of the Foundation. The Employee Ownership Foundation is a 501(c)(3) Foundation dedicated to promoting employee ownership and is an affiliate of The ESOP Association, a national trade association for employee owned companies.

Effective May 1, 2015, Mr. Lomele will take the wheel from outgoing Chair Frieda S. Takaki, President and Chief Executive Officer of CHART Rehabilitation of Hawaii, Inc. located in Honolulu, Hawaii who served as Chair of the Employee Ownership Foundation for the past four years. Ms. Takaki will become the Immediate Past Chair of the Employee Ownership Foundation.

Mr. Lomele is active in the California/Western States Chapter of The ESOP Association and has served in several leadership positions as a member of The ESOP Association. He has been very active as a Foundation Trustee and from 2011– 2013, Mr. Lomele served as Chair of The ESOP Association.

“We are excited Mark will be taking over as Chair of the Employee Ownership Foundation,” said J. Michael Keeling, President of the Employee Ownership Foundation. “He is a dynamic leader with new ideas to lead the Foundation forward.”

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The Employee Ownership Foundation supports research, education, and public awareness of programs that will increase the level of understanding and appreciation of the benefits of employee ownership and increase the number of employees who have access to this benefit. For more information: http://www.employeeownershipfoundation.org. The Employee Ownership Foundation is The ESOP Association’s affiliated 501 (c)(3) organization dedicated to promoting employee ownership.

The ESOP Association is the national trade association for companies with employee stock ownership plans (ESOPs) and the leading voice in America for employee ownership. The core cause of The ESOP Association is the belief that employee ownership will improve American competitiveness, increase productivity through greater employee participation, and strengthen our free enterprise economy. More information: website – www.esopassociation.org and blog – www.esopassociationblog.org.

More Information:

Amy Gwiazdowski

202/293-2971

amy@esopassociation.org

@ESOPAssociation

Filed under: Employee Ownership Foundation, TEA Members,

Welcome to the employee ownership blog of The ESOP Association.
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