For this episode we , we talk to IntrustIT CEO (and selling owner) Tim Rettig, a new ESOP company in the Cincinnati area. Tim talks about why he chose to sell his business to the employees, the impact the decision has had on the company; the benefits of open-book management; how the company is faring in the current crisis; and his plans to be a one-man employee ownership venture capitalist.
Intrust CEO Tim Rettig is a guy who knows how to get the ball rolling and keep it rolling. Intrust first kicked off in 1992, while Tim was still a student in UC’s College of Engineering. As a second generation technology entrepreneur, Tim seek to incorporate cutting-edge business practices that allow clients to use technology to share data and connect. Last year Tim sold thirty percent of the company to employees through an ESOP and plans to move towards one hundred percent in the next few years.
Empowering clients and employees is a goal that Tim leads the Intrust team toward, not only with a passion for the work, but with a passion for making the work enjoyable. Aside from making the strategic moves necessary to make Intrust one of the fastest growing IT companies—scoring a spot on Inc 5000’s list of Fasting Growing Private Companies for three consecutive years—Tim is committed to making Intrust one of the most fun companies. Recently listed by MeetAdvisors.com as one of “10 CEO’s That Know How to Have Fun”, Tim’s sense of play at his work and attention to employee culture has landed Intrust a nomination for Cincinnati Business Courier’s “Best Places to Work” four years in a row.
This episode of the Owners At Work Podcast is brought to you by:
The Owners at Work Podcast is a continuation of the biannual Owners at Work Newsletter which ran for 19 years (1990-2019). We are hoping to continue the same conversations and focus on providing updates on everything employee ownership. We plan to interview practitioners with expertise in different facets of employee ownership, academics doing new and interesting research, and most importantly, individuals who have a personal experience with employee ownership, including current and former employee-owners, mid-level to C suite management, and selling owners.
We want to produce a show that engages with relevant questions and provides practical lessons and information. We want this podcast to include the voices of those who practice employee-ownership each and every day. To that end we want to hear from you! We want to highlight what you are doing, whether you are an employee-owned company, a practitioner, or researcher.
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