Category Archive

Below you'll find a list of all posts that have been categorized as “esop”

Challenges and Successes as an ESOP CEO

KeyStone Search placed this impressive President and CEO just four months ago and we checked in to see how they were adjusting to life with an ESOP. They were kind enough to give us insight into the challenges they are overcoming and how the organization's mission to help people is at the core ...

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New to ESOP - One CEO's Experience

In 2017, as part of a CEO succession strategy, KeyStone Search had the privilege of recruiting a President & CEO to take over from the founder. Being new to an ESOP, there were some critical learnings that have shaped their leadership. We checked in three years later to see how it is going and ...

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ESOP Board Search Q&A

KeyStone Search Executive Recruiter Greg Holmes sat down with our CEO Mike Frommelt to discuss a recent Board search for an ESOP client. Here's their conversation...

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Is your ESOP Equipped for Growth?

I’ve yet to meet any business leader who says, “We’re not planning to grow, it’s just not important to our company.” To stay in business there has to be a focus on continually moving the company forward. Of course, CEO’s and the quality of the leadership teams they build, play an absolutely ...

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Executive Search for ESOPs?

I lead the ESOP practice at KeyStone Executive Search.  When I say this to someone I’m meeting for the first time, I’ll often get a puzzled look along with a follow up question; “Really, an executive search firm that specializes in ESOPs?

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ESOP Culture: Unique Leadership Qualities Required (Part 2)

We’re sharing two articles, laying out each of the 5 characteristics we believe are key leadership attributes that can make or break the effectiveness of an ESOP leader. Read Part 1 here.

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ESOP Culture: Unique Leadership Qualities Required (Part 1)

We’re fortunate to have worked with many ESOPs over the years, assisting them in hiring CEOs and other senior level leaders. Through this work we’ve come to appreciate just how unique ESOPs are and how different from other types of ownership structures. 

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ESOP Culture: Can there be too much of a good thing?

The great majority of ESOPs I’ve encountered are pretty special places, employee focused cultures filled with hard working, collaborative and loyal employee-owners. In most cases, these strong cultures result in performance that beats the competition, and creates growth for the benefit of all in ...

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8 Questions to Ask While Preparing Your ESOP for CEO Succession

In the life cycle of a business, there is no moment quite as pivotal as CEO succession. This is a huge moment, an opportunity to continue the company's upward trajectory and to bring new skills to the company. Get it right, and the results can be transformational. But, get it wrong, and your ...

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Egos and ESOPs - Like Oil and Water

During our many years of recruiting senior level talent for employee-owned companies, KeyStone Search has discovered a number of characteristics that a leader must possess to be successful in an ESOP. We've also found a few key things that simply do not work. Perhaps the most significant red ...

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