Brockmiller Construction, Inc. a full-service, multidisciplinary commercial contracting firm that works with public and private sector clients throughout Southeast Missouri announced that it has transferred 100 percent ownership of the company to its office employees via an Employee Stock Ownership Plan.
An ESOP is a qualified retirement plan that buys, holds, and sells company stock for the benefit of the employees, providing them with an ownership stake in the company.
Paul Brockmiller, president of Brockmiller Construction, and Cindy Detring, vice president of Finance, will both retire in December after three decades each with the company.
Bill Giessing will succeed Brockmiller as president of the organization. Colin Rogers has been named vice president. Gina McCain has been appointed corporate secretary and operations manager. The three new officers have a combined total of more than 50 years of experience with Brockmiller Construction.
The company they are today would not exist without the hard work, dedication and skills of employees.
“Becoming an ESOP company will involve the employees even more in the company’s success and will further inspire them to provide the outstanding service that the company is known for,” said Brockmiller. “We have developed a succession plan within the company that has resulted in incredibly talented leaders. Bill, Colin and Gina are ready to assume these greater responsibilities.”