Dudek, a leading multidisciplinary, environmental, and engineering consulting firm, today announced that it has moved from being partially to wholly owned by the Employee Stock Ownership Plan (ESOP) as of Oct. 1, 2021.
A vital component of Dudek’s growth and stability, the ESOP was established in 2003 to provide a means by which the firm could effectively transfer its ownership internally. As the firm has grown and evolved, the ESOP has become a powerful tool in driving employee engagement by promoting an ownership culture, enhancing employee retirement planning, and bolstering employee retention. Additionally, the federal government strongly encourages employee-friendly programs, such as ESOPs, that provide an equitable means for profit sharing and wealth-building over time for all employees contributing to a company’s success.
Dudek’s ownership culture motivates its employees to perform passionately and responsibly on behalf of clients. As employee owners, Dudekians own the quality of the firm’s work products and reputation. Dudek’s culture breeds a higher level of accountability and delivers a greater level of excellence for the firm’s clients and their projects.
“Moving to 100% ESOP ownership shows Dudek’s commitment to the long-term success of our people,” notes Dudek’s President and CEO, Joe Monaco. He continues, “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 Dudek recording its highest earnings in its 41-year history. Dudek believes the continued success of the firm is best placed in the hands of the employees who own it. To find out more about Dudek or how the ownership change impacts our employees, our company performance, or project work, contact Emily Hart at hello@dudek.com.
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