MIAMI, Fla., April 1, 2021 – CEO Coaching International, the leading firm coaching over 340 of the world’s top growth-focused entrepreneurs, congratulates its client StoneAge and CEO Kerry Siggins on its feature in Forbes for its successful employee stock ownership plan (ESOP).
StoneAge, based in Durango, Colorado, is the world’s leading manufacturer of waterblast tools. The company also manufactures industrial, sewer, and coiled tube cleaning as well as custom engineered equipment for application-specific challenges.
In addition to its position as a leading manufacturer, the 140-employee company is also being recognized for its leadership in establishing company culture. Siggins instituted an ESOP model at her company in 2015 which, according to Forbes, “is a type of employee benefit plan, in which a company typically sets up a trust fund for employees, then contributes new shares of its own stock or cash into that fund to buy existing shares.”
Siggins told Forbes this model has helped her build a cohesive and collaborative team that helped StoneAge through a challenging 2020. In addition to COVID-19, the StoneAge team also battled a ransomware attack.
“We stuck together as a team and supported each other, even when there were communication breakdowns or feelings of disconnect due to isolation,” Kerry told Forbes. “Everybody understands they have a role to play to keep our culture together and they take that responsibility seriously.”
CEO Coaching International Partner and Kerry’s Coach Chris Larkins congratulated Kerry on her feature in the publication.
“I have been fortunate to be a very close witness to Kerry’s amazing leadership for the past several years,” Chris said. “The hallmark of a great leader is the ability to inspire followership – and Kerry is among the best I’ve seen at uniting a world-class team around a big vision and empowering them to act. Three words come to mind when I think about Kerry: ‘Look out, world!’”
“I’m thrilled that Forbes is featuring StoneAge’s story,” Kerry said of the recognition. “Employee ownership is often overlooked as a viable model, and we’ve proven that it can work over a sustained period of time. I’m so proud of my team; this article recognizes their effort and dedication to our customers and each other.”
StongeAge Inc. is the leading manufacturer of high-pressure waterblast tools and automated equipment for industrial companies and contractors worldwide. Our focus is on developing the highest quality products for industrial, sewer, and downhole cleaning as well as custom equipment for application-specific challenges. Visit news.stoneagetools.com for information.
About CEO Coaching International
CEO Coaching International works with the world’s top entrepreneurs, CEOs, and companies to dramatically grow their business, develop their people, and elevate their overall performance. Known globally for its success in coaching growth-focused entrepreneurs to meaningful exits, CEO Coaching International has coached more than 600 CEOs and entrepreneurs in more than 40 countries. Every coach at CEO Coaching International is a former CEO or President that has made big happen. The firm’s coaches have led double-digit sales and profit growth in businesses ranging in size from startups to over $1 billion, and many are founders that have led their companies through successful eight and nine figure exits. CEOs and entrepreneurs working with CEO Coaching International for three years or more have experienced an average EBITDA CAGR of 59% during their time as a client, more than five times the national average. To see how coaching can elevate your performance, schedule a free initial coaching session. For more information on CEO Coaching International, please visit: https://www.ceocoachinginternational.com