The Companion Group has announced the adoption of an Employee Stock Ownership Plan (ESOP), which went into effect on July 1, 2014. This ownership structure is designed to encourage enthusiasm for exceeding customer expectations, the company said.
“Our intention is to provide an additional source of retirement in combination with our standard employee benefits. We chose an ESOP program to diversify holdings and to share the success of the company with the employees. I want to extend a special thanks to all of our employees and customers, past and present,” said Chuck Adams, founder and CEO of The Companion Group.
More than half of The Companion Group employees have been with the company for 10 years or more, and the company believes the move to align employee actions and attitudes with the principles of ownership is in the best interest of the future success of the company.
The Companion Group was founded in 1984 and has evolved into a “Family of Brands”, with 50+ employees providing design and manufacturing services for retail customers worldwide.