CORONA, Calif., January 7, 2022 / PRNewswire-PRWeb / – Vantage LED, an LED display company of Corona, California announced earlier this week the completion of a 100% employee share ownership plan (ESOP), followed by an official transfer of the current CEO, Chris Ma, to his replacement chosen by Yuusuke Arimura.
âThese changes will serve to usher in the next phase of growth for us,â explained Mr. Ma, âWe are preparing the ground for expansion in several ways, such as acquiring other large companies, hiring new talent. to join the family and of course our new CEO and ESOP Without the dedicated people at Vantage we couldn’t make it happen and I couldn’t be more proud.
Vantage LED joins a unique group of forward-thinking ESOP companies representing just 1% of businesses in the United States, or just under 7,000 in total. In an ESOP, all employees become stakeholders, aligning their hard work and rewards directly to the success of the business, providing security and stability for all. According to Josie salitrero, National Sales Manager, it’s all about team success.
âWe are a very team-oriented company, the separation of departments is minimal and everyone is ready to take ownership wherever it is needed,â she said. “ESOP really helps focus that energy even more, and we’re excited to bring it into 2022 and beyond!”
The timing of the move is both impressive and clever, given the significant impact of COVID-19 on the labor economy in general. Employee programs like an ESOP help attract more talent looking for stability and value in their jobs. He also helps the new CEO and leadership teams retain ownership of company-wide decisions, further driving growth, new products and a great experience for customers and employees.
âWe’ve teamed up with the great people at Ambrose Advisers, RPB CPA and American Business Bank to make sure we got it right,â explained Ivan Perez, Director of Human Resources, âOur employee stock purchase plan will work as a supplemental retirement benefit with our 401 (k) and, like most ESOP organizations, it will be fully funded by the company, not through contributions. This means that everyone receives the benefits of the program, regardless of their role in the company.
Vantage LED started in 2003 with the idea of ââcreating a better product and experience in the evolving LED display market. After years of development and steady growth in the OEM market, they expanded into the general wholesale market in 2010. Continuously developing its team of industry professionals, Vantage has aggressively grown in the market over the course of of the past 11 years, facing the big players with fearlessness. innovation and redefining key market factors.
âI love being part of a company that pushes the boundaries,â said Kyle Carnes, CIO for Vantage LED, âWe have launched offerings such as cloud-based display management, nationwide emergency alert integration with FEMA and IPAWS, integrated professional content services, a incredible warranty and many other revolutionary features that continue to have a significant impact on the market today. “
This culture of innovation and generosity, Ma said, is the foundation upon which new leaders will build step by step, as is Arimura’s journey through the company.
âYuusuke Arimura started in the company as a software engineer in 2003, then took over as head of the R&D department when the opportunity arose,â explained Mr. Ma, âHe then took on the role of director of operations for the past 5 years. Now he has earned the post of Managing Director. “
Mr. Ma will remain as President to ease the transition and meet any needs, while Mr. Arimura and his leadership team will manage the direction and day-to-day operations of the company going forward.
âI am delighted to have the opportunity to grow the business with quality products and with a great team that supports me,â explained Mr. Arimura, âWe will continue to thrive by building on the incredible culture inspired through Chris [Ma] and improve it with even more collaboration, feedback and ownership of the work required to be successful. “
Ricky chai, Production Manager for Vantage LED, explained that Mr. Arimura has been the backbone of Vantage LED engineering for almost 18 years. His service leadership style and in-depth knowledge affected every aspect of the business from initial design to production and support.
âHe’s been involved in virtually every signature project we’ve produced, like the redesigned LED sphere at Ocean Resort Casino in Atlantic city, or the giant multi-city video panels that we produced and installed in Brazil for the FIFA FanFest. His hard work and vision have earned him the absolute trust and loyalty of our entire production team and the Vantage family. “
ESOP and the leadership changes are just the beginning, says Arimura.
âChange is not always easy, but it is absolutely necessary for the business to evolve and grow. We have a lot of great things in store for the future; ESOP and the leadership structure are just the start! “He explained,” Our ultimate goal has always been the success of our amazing dealers, display rack owners and our own employees and their families. I am committed to continuing our journey together and look forward to the work ahead as we enter new markets, with more features, improvements and a great experience. “
Ivan Perez, Vantage DEL, 1 888 595-3956, [email protected]
SOURCE Vantage LED