CFD Research announces major company transition

HUNTSVILLE, AL – As of October 2nd, 2023, Huntsville-based CFD Research transitioned to a 100% ESOP company.

ESOP, which stands for Employee Stock Ownership Plan, is a retirement plan that empowers employees by granting ownership stock in the company as a cost-free benefit, fostering not only their ownership in the company but also bolstering their retirement savings.

Fifteen years ago, CFD Research’s late founder Dr. Ashok K. Singhal recognized the benefit of starting an ESOP program as a way to directly reward CFD Research employees for their hard work and dedication. Last week, the company announced the fulfillment of this vision under the leadership of its current President & CEO, Sameer Singhal.

“Through this ESOP journey, we have discovered first-hand that employee-ownership creates several differentiating characteristics in our team such as a greater dedication and pride in their work, as well as increased collaboration and a sense of teamwork,” Singhal stated.

Having tripled in size over the past six years, CFD Research’s shift to 100% employee-ownership solidifies its employees’ heightened stake in the company’s success.

Moreover, this ESOP transition positions CFD Research to attract and retain top-tier talent, aligning with the company’s vision of ‘transforming the world through innovative technology solutions.

Dr. Ashok Singhal founded CFD Research in 1987. Since then, the company has worked with government agencies, businesses and academia to provide innovative solutions within the Aerospace & Defense, Biomedical & Life Sciences, and Energy & Materials industries.

To learn more about what the ESOP means for CFD employees, please see the attached video here. For more information, please visit www.cfd-research.com.