The Employee Ownership Expansion Network (EOX) Announces the Appointment of Two New Board Members
The Employee Ownership Expansion Network (EOX) announced today the appointment of two new members to its Board of Directors. The addition of Philip Reeves, Founding Partner at Apis & Heritage Capital Partners, and Danielle Montesano, Managing Director at J.P. Morgan Chase's ESOP Advisory Group, expands EOX's board of directors to a total of eight members.
ARLINGTON, Va., May 11, 2023 /PRNewswire-PRWeb/ -- The Employee Ownership Expansion Network (EOX) – a nonprofit organization dedicated to expanding employee ownership across the U.S. through the creation and support of a network of State Centers for Employee Ownership – announced today the appointment of two new members to its Board of Directors.
The addition of Philip Reeves, of Apis & Heritage Capital Partners (https://www.apisheritage.com/) and Danielle Montesano, Managing Director at J.P. Morgan Chase's ESOP Advisory Group (https://bit.ly/43OSlK8) , expands EOX's board of directors to a total of eight members. EOX board co-chair, Jim Steiker notes that EOX's two new board members "add broad-based employee ownership expertise and board governance experience to our board, positioning EOX well for future growth, opportunity, and our focus on helping to address the wealth and income gap in our country."
Reeves – based in Washington, D.C – is a Founding Partner at Apis & Heritage Capital Partners, a company that is attacking the racial wealth gap by buying profitable, privately-held companies from retiring owners who have a concentration of workers of color and transitioning them into 100% employee-owned businesses. Reeves brings more than a decade of experience with small and mid-sized enterprises (SMEs) across the private, public, and nonprofit sectors. He has worked at the intersection of capital, scale, and impact as it relates to SMEs and the greater small business ecosystem.
Reeves said of his appointment: "Joining the EOX board gives me an opportunity to build on my work, which has focused on using the power of finance and private equity to drive economic justice for people of color across the nation."
Montesano – based in Chicago, IL – is a leader in JP Morgan Chase's ESOP (Employee Stock Ownership Plan) Advisory Group team with more than 25 years of experience advising on ESOP-related matters including financing, structuring, implementing, administering and valuing employee-owned securities in both public and private ESOP transactions. Her expertise focuses on transactional fiduciary and board compliance, governance, and executive compensation. She currently serves as a board member for several ESOP-owned companies.
"I am thrilled to be joining the EOX Board and look forward to working with this dedicated group who is doing so much to advance the cause for greater employee ownership in our country," Montesano said.
About the Employee Ownership Expansion Network
The Employee Ownership Expansion Network is a 501(c)(3) non-profit organization founded in Philadelphia, PA in 2018 and headquartered in Arlington, VA. Its mission is to significantly expand employee ownership in the United States by establishing and supporting a network of independent, nonprofit State Centers for Employee Ownership. To date, EOX has provided funding and technical assistance to support the opening of twelve State Centers helping them to reach their goal of having 70% of the US population live in a state with a Center for Employee Ownership. To learn more, visit http://www.eoxnetwork.org.
Media Contact
Steve Storkan, Employee Ownership Expansion Network, 1 651-319-1874, [email protected]
SOURCE Employee Ownership Expansion Network
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