FATA Automation Becomes a 100% Employee-Owned Company
FATA Automation, Inc., a pioneer in providing cutting-edge material handling and conveyance solutions for manufacturing companies across the globe since 1936, is pleased to announce that we have taken a significant step in our evolution by becoming a 100% Employee Stock Ownership Plan (ESOP) company.
Commitment to Innovation and Employee Engagement
This transformation aligns with FATA Automation’s long-standing mission to deliver exceptional material handling solutions while fostering a committed and motivated workforce. By becoming employee-owners, our team members now have a direct stake in the company’s future, which enhances their dedication and sense of responsibility.
Benefits of ESOP for FATA Automation
An ESOP is an employee benefit plan that provides workers with an ownership interest in the company. This aligns the interests of employees as shareholders, fostering a sense of pride and responsibility. The shift to an ESOP offers several benefits:
- Smooth Ownership Transition: The transition to an ESOP provides a seamless shift in company ownership. It allows our previous owners to sell their shares to the employees, ensuring that FATA Automation’s company culture, values, and drive for success are preserved.
- Enhanced Employee Motivation: As part-owners, employees are more motivated to contribute to the success of the company and its customers, knowing that their efforts directly impact their financial well-being.
- Strengthened Company Culture: The ESOP structure helps maintain and strengthen FATA Automation’s unique company culture, as employees are now more invested in the company’s mission and long-term goals.
Looking Forward
As FATA Automation embarks on this new chapter, we remain committed to our legacy of innovation and excellence in material handling solutions. The ESOP transition not only facilitates the retention of our core values but also positions us for sustained growth and success in the years to come. Together, as employee-owners, we are excited to drive FATA Automation forward, ensuring a prosperous future for all.
Company Organization Announcements
Board of Directors
FATA Automation is pleased to announce the appointment of our new Board of Directors. The Board plays a critical role in guiding our company towards continued success and ensuring we adhere to our mission and strategic goals.
- Martin Wright – Former President, Chief Executive Officer and Owner of FATA Automation, Inc.
- Ron Benish – Former Vice President of Engineering and Owner of FATA Automation, Inc.
- Robert Smolinski – Former Vice President of Operations and Owner of FATA Automation, Inc.
Officers of the ESOP Leadership Team
FATA Automation is pleased to announce the promotions of the following team members as Officers of the ESOP Leadership Team:
- Duane Jerore – Promotion from Chief Operating Officer to President & Chief Executive Officer; Appointed as an Officer of the ESOP Leadership Team.
- Paul Witherspoon – Promotion from Director of Projects to Vice President of Projects; Appointed as an Officer of the ESOP Leadership Team.
- John MacKay – Promotion from Director of Engineering to Vice President of Engineering; Appointed as an Officer of the ESOP Leadership Team.
- Dan Jennings – Promotion from Vice President of Sales to Vice President of Sales & Proposals; Appointed as an Officer of the ESOP Leadership Team.
- Patrick Flynn – Controller; Appointed as an Officer of the ESOP Leadership Team.
These appointments and promotions reflect the dedication and expertise of our team. FATA Automation is excited to see how their leadership will contribute to our ongoing success. We are confident that under their guidance, FATA Automation will continue to innovate and thrive in the material handling industry.