McElroy Metal, a 60-year-old components manufacturer based near Shreveport, La., with 14 facilities nationwide, recently announced a transition from being a family-owned concern by offering an employee stock ownership plan.
McDermott has served in a variety of sales and marketing leadership roles with increasing responsibility and has been based at Garland’s Cleveland headquarters since 2016.
Garland initiated its ESOP in 1985 and became 100% employee-owned in 2004, and the company’s stock value has grown an average of 19.2% over the last decade.
Garland Industries, Inc. has been named a Silver ESOP Award winner by The ESOP Association for their work in sustaining their ESOP for more than 25 years.