The main goal for my term as chair is to stave off any misguided efforts to weaken existing ESOP tax laws and policies, thus maintaining the current ESOP structure that has worked so well to provide enhanced retirement benefits.
(PRWEB) July 10, 2013
David L. Kelly, Acadian's executive vice president and chief financial officer, has been elected to serve as chair of The ESOP Association, which is a national trade association for companies with Employee Stock Ownership Plans and the leading voice in America for employee ownership.
Acadian has been an active member of the ESOP Association since the formation of its ESOP twenty years ago. Kelly has been actively involved in the governance of the Association for many years, having previously served as president of the Association’s Southwest Chapter (states of Texas, Louisiana, Arkansas, Oklahoma and New Mexico). He has also served on the Association’s National Board of Directors for the past eight years. His term as chair will continue until April 30, 2015.
"It is truly an honor to be allowed to serve as chair of the ESOP Association," said Kelly. "The main goal for my term as chair is to stave off any misguided efforts to weaken existing ESOP tax laws and policies, thus maintaining the current ESOP structure that has worked so well to provide enhanced retirement benefits to employee-owners of thousands of ESOP companies throughout America."
"David has been active in the ESOP community and with the Association for many years," said ESOP Association President, J. Michael Keeling. "His contributions have increased the effectiveness of Association services, and we are excited David 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."
Acadian ranks among the top 100 employee-owned companies in the U.S., according to a list compiled by the National Center for Employee Ownership. The men and women of Acadian became employee-owners in 1993, with the adoption of an Employee Stock Ownership Program. Under the plan, 80 percent of the company value in stock is available to employees. The plan involves placing the stock in trust, with those shares acquired by employees redeemable in cash at the time of retirement.
Since 1971, Acadian has been committed to providing the highest level of emergency medical care and transportation possible. In the past decade, the company has expanded to include a diverse suite of services in health, safety, and transportation. Acadian’s six divisions are Acadian Ambulance Service, Acadian Monitoring Services, Air Med, Executive Aircraft Charter Service, National EMS Academy, and Safety Management Systems.