The Onin Group, headquartered in Birmingham, has initiated an employee stock ownership plan and promoted Jim Weaver to chief executive officer. Weaver previously had served as chief operating officer.
“Our move to an ESOP is a declaration of our faith in the people who have built this company,” said Hugh Thomas, managing partner of Onin. “We are transitioning from a traditional corporate model to a ‘for the people, by the people’ ethos, embodying the true spirit of The Onin Group.”
Weaver started as an employee in the warehouse 23 years ago.
“Stepping into the CEO role as we embark on this ESOP venture is a humbling privilege,” said Weaver. “The plan for this next era is simple: we will keep pressing into our core purpose of creating opportunity and empowering Oninites, as they, in turn, do the same for our teammates, clients and communities.”
In addition to Weaver’s promotion, The Onin Group is phasing in a revamped C-suite structure to support sustainable growth and ensure a seamless transition into employee ownership. Josh Gluskin, current senior vice president of strategic growth, will assume the role of chief strategy officer. He joins Weaver and Rick Orcutt, chief information officer, on the company’s leadership team.
The Onin Group is primarily a staffing firm with branches in 26 states. In addition, the company has a few other brands, such as Momentum Capital Funding, Woodhaven Custom Calls and Pleasant Hill Timber.
