Chatsworth Products, Inc. (Westlake Village, CA)
Chatsworth Products, Inc. (CPI), whose company motto is "We're All in This Together", recently announced that they were recognized with the 2008 California/Western States Chapter - ESOP Company of the Year Award:
"Chatsworth Products, Inc. (CPI), a leading manufacturer that sets the benchmark by providing superior structural support to organize, store and secure IT infrastructure equipment received the 2008 Employee Stock Ownership Plan (ESOP) Company of the Year award from the California/Western States Chapter of the ESOP Association.
The ESOP Company of the Year award received by CPI is presented annually to companies that maximize their ESOP's value to benefit employee-owners. CPI employee-owners not only realize the satisfaction and advantage of ownership, but take pride in helping the company achieve phenomenal growth through continued and committed involvement. "Employee-ownership is a core value of CPI, and this award recognizes that our ownership culture is embraced and fully supported by our leadership team. As a result of CPI's ownership culture, our employee-owners are motivated to work together to delight customers with superior service and quality products. ESOP is a win-win-win for our customers, our employee-owners and our business," explained Larry Renaud, President and Chief Executive Officer of CPI."
Richard L. Bowen + Associates Inc. (Cleveland, OH)
Architectural firm forms employee ownership plan discusses how Richard L. Bowen + Associates Inc., a 94-employee architectural firm, created an ESOP. The sole shareholder sold 30 of his shares to the ESOP as "a way to reward long-term employees and attract talent to the firm."
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