Tile Outlets of America Now 100% Employee Owned

 
ATLANTA - Jan. 21, 2019 - PRLog -- Tile Outlets of America has become 100% employee-owned upon the sale of the remaining stake held in the company by Don Aronin, CEO and majority shareholder, and other minority shareholders to the Tile Outlets of America Employee Stock Ownership Plan ("ESOP").

"This milestone event represents the culmination of my goal to have the Tile Outlets of America employees own 100% of the company through the ESOP," says Don Aronin. "TOA's greatest competitive advantage is its people and now each employee has the opportunity to be an owner of Tile Outlets of America and benefit directly from his or her hard work and commitment to the company."

Operationally, there will be no changes in the management of the company. Don Aronin will continue to serve as Chief Executive Officer, Warren Lampert as President & Chief Financial Officer, Michele Hoover as Vice President – Operations and Kathryn Spencer as Vice President – Purchasing & Business Development.

Tile Outlets of America became employee-owned in September 2016 when a partial sale took place.

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Tile Outlets of America, with stores in Fort Myers, Sarasota, and Tampa and online at TileOutlets.com, sells first quality ceramic and porcelain tile, stone, mosaics, luxury vinyl planks and more for the home, all in-stock and ready to go at incredibly low prices. Tile Outlets takes seriously its Promise to Customers, backing it up with the Peace of Mind Commitment. Tile Outlets of America, "where dreams become reality... for a whole lot less."

Tile Outlets of America was founded in 2002 and became employee-owned in 2016. Corporate offices are in Atlanta, GA. For more information, visit http://www.TileOutlets.com.

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Tags:Porcelain Ceramic Tile
Industry:Retail
Location:Atlanta - Georgia - United States
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