prioritized not just transactions but also the wellbeing of its people and the communities it served. That groundwork was the foundation for a pivotal moment in Locke Supply Company’s history, namely its transition to an Employee Stock Ownership Plan (ESOP) structure. “Mr. Locke always wanted to pass the business on to his associates, and he had a lot of conversations prior to his passing about doing so,” says current President and CEO John Orman III. This shift wasn’t driven by external financial pressures but rather by the founder’s long-held 4 BUSINESS VIEW MAGAZINE VOLUME 12, ISSUE 07
RkJQdWJsaXNoZXIy MTI5MjAx