LAVIDGE Announces First-Phase Transition to Employee-Owned Benefit Program

LAVIDGE Founder and CEO Bill Lavidge has announced the implementation of an ESOP program, or employee stock ownership plan, for his Phoenix-based agency after 35 years of operation. The plan keeps Mr. Lavidge in place as CEO and the company’s majority owner at 51 percent, while handing over the remaining shares as a savings initiative for his leadership team and the entire staff.