09/01/2017 - Arbitech Announces New Members to LLC
Irvine, CA – Arbitech, LLC is pleased to announce the addition of 6 new members to the LLC. The members are all long time employees of the Company, with an average tenure of twelve years, who are all dedicated to ensuring the continued success of Arbitech.
Mr. Torin Pavia, the founder of the Company and its former majority owner stated, “ I am pleased to welcome the new members. One of the hallmarks of our success is our investment in our employees and providing a pathway for advancement. There is no greater honor than to be asked to join an exclusive membership and to take on the mantle of ownership. This private employee stock ownership plan is consistent with the overall company philosophy of rewarding loyalty and productivity. I want to personally thank the new owners for their diligence and I am gratified that they will receive the fruits of their labor.” Mr. Pavia continues to pursue outside business interests and passions but shall continue to serve Arbitech as Chairman of the Board.
Mr. Frank Llaca, President of the Company, stated, “It’s a pleasure to extend this opportunity to the new members. As President of Arbitech, I look forward to engaging with them and receiving advice and counsel as to the future direction of the Company. This is the third round of share redistribution under the Company Equity Incentive Plan, and management looks forward to continuing our efforts to reward our loyal, dedicated employees. In addition, as a fellow member, it is gratifying to share the responsibilities of ownership with such a distinguished group of long-time employees.”
Arbitech, LLC, founded in August 2000, is the nation's leading independent distributor of server, storage, networking, mobility, telephony and point-of-sale products. By offering creative, cost-effective solutions, Arbitech enables its customers to win net-new business and earn greater profits.