HUNTSVILLE, AL, USA, Oct 4, 2023 – CFD Research is proud to announce its transition to a 100% ESOP company as of Oct 2nd, 2023. ESOP, which stands for Employee Stock Ownership Plan, is a retirement plan that empowers employees by granting ownership stock in the company as a cost-free benefit, fostering not only their ownership in the company but also bolstering their retirement savings.
Fifteen years ago, CFD Research’s late founder Dr. Ashok K. Singhal recognized the benefit of starting an ESOP program as a way to directly reward CFD Research employees for their hard work and dedication. Today, the company proudly announces the fulfillment of this vision under the leadership of its current President & CEO, Sameer Singhal.
“Through this ESOP journey, we have discovered first-hand that employee-ownership creates several differentiating characteristics in our team such as a greater dedication and pride in their work, as well as increased collaboration and a sense of teamwork,” Singhal stated.
Having tripled in size over the past six years, CFD Research’s shift to 100% employee-ownership solidifies its employees’ heightened stake in the company’s success.
Moreover, this ESOP transition positions CFD Research to attract and retain top-tier talent, aligning with the company’s vision of ‘transforming the world through innovative technology solutions.
Learn more about what the ESOP means to our Employee-Owners here.
About CFD Research
Since its inception in 1987, CFD Research has worked with government agencies, businesses and academia to provide innovative solutions within the Aerospace & Defense, Biomedical & Life Sciences, and Energy & Materials industries. Over the years CFD Research has earned multiple national awards for successful application and commercialization of innovative technology prototypes, multi-physics simulation software, multi-disciplinary analyses, and expert support services. CFD Research’s impressive three-year growth rate was high enough to recognize the company in the Inc. Magazine’s 5000 for the third year. CFD Research is an ISO9001 and AS9100 registered company and is appraised at CMMI Level II for services. Learn more at www.cfd-research.com.
