Torch Named ESOP Company of the Year for Second Time
Torch Technologies (Torch), a 100% employee-owned technology services and solutions company headquartered in Huntsville, Alabama, is proud to have been recognized by the New South Chapter of The ESOP Association as the ESOP Company of the Year for a second time. Torch was recognized as the 2021 recipient of the award at the virtual New South Chapter Spring Conference after also receiving this award in 2018.
This award is given to an ESOP company that shows a strong commitment to employee ownership through its involvement with The ESOP Association and its programs, its clear communication with employees, and its commitment to The ESOP Association's vision of endorsing employee participation, wealth creation, and individual dignity and worth.
The New South Chapter is one of 18 chapters of The ESOP Association that provides educational services and resources to member companies in Tennessee, Mississippi, Alabama, Georgia, and Florida. Torch will represent the New South Chapter in the upcoming national award competition for National ESOP Company of the Year, which will be announced at The ESOP Association's National Conference in Washington, DC.
"We are thrilled to be recognized as the ESOP Company of the Year representing the five Southeastern states of the New South Chapter," Torch President and CEO John Watson stated. "When Torch became 100% employee owned in 2011, we committed to creating a unique employee ownership culture. Our team always says 'it's about all of us' and our recognition by the New South Chapter for a second time is a true testament to the fact that it truly is about all of us when employee owners work together for the good of the company, the community, and one another."