NextLevel Practice, a dental practice management coaching and consulting company, announced today that Kelly Dahmer, chief operating officer, has been appointed as chief executive officer of NextLevel Practice.
Gary Kadi, NextLevel Practice’s founder and chief executive officer, will transition to the role of chairman of the Board of Directors. As part of the transition, NextLevel Practice is establishing an ESOP, a plan in which employees become joint owners of the company though gaining company stock.
New CEO
Ms. Dahmer joined NextLevel Practice in 2014 and was subsequently promoted to chief operating officer, where she has guided the company successfully through the pandemic to 3x revenue growth.
Ms. Dahmer specializes in decentralizing the doctor in the dental practice, giving them the space and time to live their best lives, while also promoting a culture of unity and cooperation in the office.
“It’s especially fitting that Kelly has accepted the position of CEO as I begin to decentralize my role at NextLevel Practice,” said Mr. Kadi. “Kelly brings expert industry knowledge, a long-standing understanding of NextLevel’s mission, and unbridled enthusiasm for taking NextLevel Practice into the future. Our team, our clients, and dentists across the country are lucky to have her.”
ESOP
Of the ESOP, Ms. Dahmer said, “Our coaching program for dentists emphasizes that the heart of a successful business is a unified team—one where each team member feels equally seen, heard, and valued. Only when each person feels full ownership of their responsibilities does the team produce quality results. By creating an ESOP here at NextLevel, we’re getting the opportunity to practice what we preach and take our ownership and personal investment into the company to new heights.”
More than 6,500 ESOPs exist in the United States, with more than 10 million employee-owners. When formed, shares of company stock are allocated to all employees, making them joint owners of the company. ESOPs have been found to have many benefits for both the employee-owners and the companies themselves.
These benefits include:
- Boosted employee engagement
- Higher earnings and greater savings than non-ESOP employees
- Greater job stability
- Increased transparency and financial literacy
- A thriving company culture
- The ability to withstand tough economic times
- Alignment between employee and company goals
