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Judith Kornfeld, founder and CEO of ESOP Economics, has been elected Chair of the Board of the Natio

ESOP Economics is pleased to announce that its founder and CEO, Judith Kornfeld, has been elected Chair of the Board of the National Center for Employee Ownership (NCEO).

The NCEO ( is a private, nonprofit membership and research organization that serves as the leading source of accurate, unbiased information on employee stock ownership plans (ESOPs), equity compensation plans, and ownership culture. They are the main publisher and research source in the field, hold dozens of Webinars and in-person meetings annually, and provide services to their thousands of members and others.

Ms. Kornfeld’s election is for a term of 2 years and was effective April 1, 2017. She succeeds Mark Lewis of Woodfold Mfg., Inc. who chaired the Board since April 2015.

Since founding ESOP Economics in 1993, Ms. Kornfeld has served in numerous leadership positions in the ESOP community. She has been a member of The ESOP Association’s Board of Governors and the Board of Directors, served on the Board of Trustees of the Employee Ownership Foundation, the affiliated 501(c)(3) foundation of The ESOP Association, and is a past Chair of both the Association’s Advisory Committee on Fiduciary Issues and the Association’s Advisory Committee on Finance. She also serves on the ESCA Advisory Committee. She has served on the NCEO Board since 2010, most recently serving as Vice Chair.

“Judy is passionate about her ESOP work and is a significant influence in the employee ownership community. Being elected Chair of the NCEO is an honor of which she is very deserving, and we are excited to support her in her new role!” – Tina DiCroce, Director at ESOP Economics

ESOP Economics is the leader in ESOP repurchase obligation studies, sustainability analysis, and consulting. Combining our expertise with our industry-leading software, Telescope™, we help companies make educated decisions about their repurchase obligations. For more information, visit ESOP Economics can be reached by phone at 215-606-3600 or by email at

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