Yahoo Finance

IRVINE, Calif., Sept. 30, 2019 /PRNewswire/ — International Education Corporation (IEC) and its subsidiary companies are proud to announce they are in the process of becoming employee-owned by creating an Employee Stock Ownership Plan (ESOP).

As a premier provider of postsecondary career education, International Education Corporation has made student success its top priority. This announcement marks the next step for the organization to align student success with the success of its employees.

“Becoming an employee-owned organization gives us another reason to be genuinely and authentically obsessed with student success,” states Dr. Fardad Fateri, President and Chief Executive Officer of International Education Corporation. “The employees in our organizations are our most valuable and important asset; we want to reward them for their passion for our students and their many achievements. We believe by providing ownership in IEC and investing in their future, our employees will be even more motivated to act as true owners. We also know ownership will provide our employees a more rewarding professional life.”