Monday, 16 October 2000
Barbizon Lighting Company, which has 11 offices in the United States, has announce the formation of an Employee Stock Ownership Plan (ESOP) for the benefit of its employees, a plan unique in the entertainment lighting industry. Under the plan, Barbizon will become employee-owned, with employees acquiring shares of privately-held stock. Jonathan Resnick, president of Barbizon, says the ESOP recognizes the invaluable role Barbzion employees have played in the company's consistent annual growth. "It is our belief that our greatest asset has always been our employees. And it is their talent and dedication that will enable Barbizon to sustain its growth and innovation in this fast-changing business environment," he said. "The Board of Directors and I believe that they should be rewarded for their contributions."Founded in 1947, Barbizon, serving the domestic and export markets as one of the largest and most innovative providers of lighting products, rigging systems, installation services and show control solutions.