They’ve become examples for employees at other companies that are working towards self-ownership.
Macedonia, OH (PRWEB) March 23, 2007
Patio Enclosures, Inc. the largest manufacturer and installer of sunrooms in North America, was named “ESOP Company of the Year 2007,” by the Ohio/Kentucky Chapter of the Employee Stock Ownership Plan (ESOP) Association. Patio Enclosures, Inc. was recognized for its commitment to advancing and exemplifying the “Vision of the Employee Stock Ownership Plan Association” that endorses employee participation, wealth creation, and individual dignity and worth.
“This is a great moment for us and reflects our commitment to the ideals of the Employee Stock Ownership Plan Association,” states Kenneth Sekley, President and CEO of Patio Enclosures, Inc. “This award is a source of employee pride and strengthens our commitment to the company’s continued success.”
In addition, the Chapter also named Patio Enclosures, Inc. employee, Deborah McCourt as its “ESOP Employee-Owner of the Year 2007.” Ms. McCourt was distinguished for her volunteer leadership on the Employee Communications Committee as well as “Reduce Our Costs” a.k.a. “ROC” teams. The ROC teams are dedicated to reducing company’s operating costs to increase profitability and share value. Ms. McCourt served on several communications subcommittees and partnered with several remote branches to ensure that personnel remained updated on employee ownership issues. A special recognition was presented to Patio Enclosures, Inc. Vice President of Human Resources, Floyd Griffin for his past volunteer service to the Ohio/Kentucky ESOP Chapter. Mr. Griffin is the Immediate Past President of the Ohio/Kentucky Chapter, and on a national level previously chaired organization’s State and Regional Chapter Council.
“Individuals who act for the good of all, as Debbie and Floyd have, inspired coworkers on all levels to act more as a team,” says Sekley. “They’ve become examples for employees at other companies that are working towards self-ownership.”
In 1996, the company’s Chairman and CEO, Robert Schneider initiated an Employee Stock Ownership Plan agreement with company employees as a key component of his management and succession preparations. Annual stock purchases derived from company profits were made on behalf of the employees until December 29, 2006, when the final shares of company stock were bought by the employee stock ownership plan. To date, Patio Enclosures, Inc., a sunroom manufacturer and installer, has 28 employee-operated branches across the US.
The winners of the Ohio/Kentucky Chapter’s ESOP Company of the Year and Employee of the Year are eligible for the National ESOP Association’s Awards, which will be announced in Washington, DC at its 30th Annual Conference in May, 2007.
About Patio Enclosures, Inc.
Patio Enclosures, Inc. has been recognized for several years by Qualified Remodeler Magazine as the Top Performing Sunroom Company in North America. Patio Enclosures, Inc. operates 28 branch locations across the United States and Canada and has more than 750 employee-owners. The company also operates three casual living furniture stores in northeastern Ohio and one in Pittsburgh.
About Ohio/Kentucky Chapter
The Ohio/Kentucky Chapter is comprised of 97 companies. Currently, there are roughly 10,000 ESOPs in place in the US covering approximately 10 million employees and controlling assets of roughly $600 billion.
FOR MORE INFORMATION, CONTACT:
Reginald Carter, Public Relations
Patio Enclosures, Inc.
750 East Highland Road
Macedonia, Ohio 44056
phone (330)468-0700 ext. 2278
fax (330) 908-1123
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