Oregon Beach Vacations has been in operation since 2004. The Founders of OBV, David McElveen and Joe Murray had a vision for a premier vacation rental company on the Oregon coast. With offices in Portland, Lincoln City and Seaside we have grown exponentially as a result of our dynamic leadership, award winning service, and our continual efforts to exceed the expectations of our clients and our homeowners.
Recently the company has implemented an Employee Stock Ownership Plan (ESOP). Our company has been closely held for 16 years. The ESOP continues our commitment to local ownership and our tradition of partnering with employees by giving them an ownership stake in the company.”
The ESOP will not change company senior management. David McElveen remains president and CEO, Joe Murray is vice-president and Dean McElveen is Director of Operations. The ESOP, which allows employees to earn stock in the company, is designed as a long-term retirement benefit for employee owners. Additionally, employee ownership rewards the staff for innovation and strong performance, and helps the company attract and retain experienced and dedicated employees.
“We looked at many alternatives for ensuring the company’s future.” said McElveen. “There are many options for charting the future of a company like ours. We have always felt it is important to have local employee control and decision making. Our clients want to deal directly with owners of our company. We trust our employees will provide outstanding service and help us continue our growth.”