ESOP Won’t change Paper Machinery’s Formula
This article originally appeared on Biztimes.com and is posted here by permission. Luca Dellomodarme, Scott Koehler and Michael Kazmierski don’t expect much to change about Paper Machinery Corp., which was recently turned over to employees in a surprise announcement. The three were given responsibility for operational control as Donald and John Baumgartner initiated an employee stock ownership plan. “The risk of failure had been there for 64 years,” said Kazmierski, who was named executive vice president of sales as part of the transition. He acknowledged it is a little more...
Read More
