ZweigWhite CE News Structural Engineer Rebuilding America's Infrastructure  
 
SEARCH  GO

Latest News
HNTB among list of top employee-owned companies 

KANSAS CITY, MO. — HNTB has been named among the largest employee majority-owned companies in the U.S., and has appeared in this list for six consecutive years. The ranking is compiled by the National Center for Employee Ownership (NCEO), a national organization to promote employee ownership.

HNTB’s employee stock ownership plan marks its 10th anniversary this year with a successful track record. The firm’s employees’ confidence in HNTB’s success is reflected in the growth of employees’ average account balances, from $8,796 in 2001 to $132,200 last year — a compound annual growth rate of 43.3 percent.

HNTB’s share value has experienced a 26.1 percent compound annual growth rate during this time.

“Our employees realize that what they do each day affects the performance of the firm,” said Bob Stromsted, HNTB Corporation CEO. “Simply said, HNTB’s success equals our employees’ success.”

The plan’s total balance has experienced an annual compound growth rate of 48 percent since the ownership plan began. In ten years, the plan’s value has grown from $13.3 million to $452.6 million.

Rankings by the NCEO are based on number of employees. To be included on the list, companies must have a majority of their stock owned by an employee stock ownership plan or similar plan.

For more information, visit www.nceo.org.

Related Engineering Channels




Headlines From Around The Web

Paved, but Still Alive (New York Times)
Blog: Panama Canal Expansion: A Game Changer (Transportation Issues Daily)
Plans envision Pittsburgh 'Aerotropolis' (Pittsburgh Business Times)
GAI Consultants Makes Acquisition (Inside Indiana Business)




Professional Network








Current Issue


Exclusive

Civil engineering industry outlook - Part 1

While 2011 didn't offer too much progress in an economic turnaround, it seems that many people in the architecture, engineering, planning (A/E/P) and environmental consulting industries are adjusting to challenges. For 2012, increased stability is expected, although large changes don't seem likely.


New & Noteworthy


Progressive Engineering


Editor's Comment


ZweigWhite Upcoming Events

Environmental Connection 2012
Date: February 26, 2012 - February 29, 2012
Location: Las Vegas

Principals Academy
Date: March 8, 2012 - March 9, 2012
Location: Ft. Lauderdale FL

Geosynthetic Reinforced Retaining Wall Failures and Their Remediation
Date: March 13, 2012 - March 13, 2012
Location: Folsom PA

2012 Sustainable Water Management Conference
Date: March 18, 2012 - March 21, 2012
Location: Portland OR

Ninth National Conference on Transportation Asset Management
Date: April 16, 2012 - April 18, 2012
Location: San Diego


Events