Markertek, the leading supplier to the broadcast industry, recently announced it is now 100% employee owned through an Employee Stock Ownership Plan (“ESOP”). The ESOP program means employees are part owners in the company thus creating an environment where both customers and employees alike benefit directly from a job well done.
Under this new plan, the business model and management structure remains intact according to the vision of its founder and former owner who believed the Markertek legacy was best kept intact by investing in those who helped build it. It was the ultimate way to reward employees for so many years of consistent contributions to its ongoing success and growth.
“We’ve been fortunate to have loyal employees who have been with us for an average of 10 years,” said Markertek’s new President James A. Veltrie. “They have been the foundation upon what we’ve built, living and breathing this industry, in addition to creating the Markertek Customer First culture.” Veltrie’s promotion to President was preceded by his career as Markertek’s Senior Vice President.