As of Oct. 1, 2021, Dudek transitioned from being partially owned to wholly owned by our employee stock ownership plan (ESOP). This move to 100% ESOP ownership preserves a 40-year culture of employee ownership. A vital component of our growth and stability, the ESOP was established in 2003 to provide a means by which the firm could effectively transfer its ownership internally. The ESOP provides an equitable means for profit sharing and wealth-building over time for all employees contributing to a company’s success. As Dudek continues to grow and evolve, the ESOP is a powerful tool in driving employee engagement by promoting an ownership culture, enhancing employee retirement planning, and bolstering employee retention.
Dudek’s ownership culture motivates staff to perform passionately and responsibly on behalf of our clients. As employee owners, Dudekians own the quality of the firm’s work products and reputation. Our culture breeds a higher level of accountability and delivers a greater level of excellence for our clients and their projects.
“Moving to 100% ESOP ownership shows Dudek’s commitment to the long-term success of our people,” said President and CEO Joe Monaco. “The resulting ownership and accountability that Dudek people demonstrate translates to immense value for our clients because they are contracting with people who are committed to their company, empowered to do what it takes to deliver excellence, and passionate about solving problems that help communities thrive and grow.”
This move comes on the heels of our highest-earning year in our 41-year history. Continuing the success of our firm is best placed in the hands of the employees who own it.
To learn more about how the change impacts our employees, our company performance, or ongoing project work, contact Marketing Director Emily Hart.