About Us

Employee Share Option Plan (ESOP)

Genco Energy runs an Employee Share Option Plan (ESOP)

The major Shareholders of Genco Energy Group, made the decision to gift up to 25% of the total shares in Genco Energy Group into an Employee Share Option Plan (ESOP). This is an independently registered and administered plan which oversees all ESOP shares, that remains reserved for issue to Genco Energy personnel worldwide who are not co-founding country managers.

To qualify for ESOP shares, generally personnel will have proven themselves on at least 2x project deployments in terms of their capability and suitability be a Genco team player. Suitability is measured firstly on a persons willingness to participate, be a team player and their ability to bring a 'can do' attitude to the business. The importance of technical ability, whilst is still very necessary, comes in second. 

Formation and participation in the ESOP proves to be an extremely effective mechanism to:

  • Promote and foster our Genco "green blood" culture.
  • Ensure that all our personnel make good decisions for Genco Energy Group.
  • Genco can effectively run all elements of the business under a true owner operator philosophy were our point of difference remains - the people that run Genco Energy, own Genco Energy. 

Our personnel recognise the value and opportunity in our Genco Energy growth aspirations via the ESOP, which is why our personnel attrition rate is near to nil.