Equatex clients win prestigious industry accolade

Teva, Spotify and GAM win 2017 GEO awards

This year’s Global Equity Organisation (GEO) Awards offered cause for celebration to Equatex corporate clients Teva, Spotify and GAM. As part of the GEO Annual Conference in Rome, the companies were awarded last night for “Best Use of Share Plans in a Corporate Action” and “Best Use of a Share Plan in a Private Company”, respectively. GAM was awarded for “Most Innovative and Creative Plan Design. The GEO Awards are bestowed annually and represent one of the most prestigious accolades in the share plan industry. The award winners were selected by a panel of judges composed of leading equity compensation professionals.

Equatex CEO Andrej Golob said: “We congratulate our clients on this outstanding achievement. These awards are testament to our clients’ commitment to employee share ownership and their effort to maximise the value participants get from such plans. Supporting our clients in delivering distinguished compensation plan solutions is both a privilege and an enormous motivation to everyone at Equatex.”

The real challenge was completing the whole transformation within one week of the closing of the deal. With the help of our partners, we reached our ambitious target.

– Yael Elbaz, Teva Pharmaceuticals

Yael Elbaz, Head of Teva Stock Plans Management, Teva Pharmaceuticals receives GEO Award for “Best Use of Share Plans in a Corporate Action”.

Andrej Golob, CEO Equatex picks up GEO Award for Spotify in Rome last night.

Ita Shaughnessy, Senior Compensation & Benefits Analyst at GAM, receives the GEO Award.

Ita Shaughnessy, Senior Compensation & Benefits Analyst at GAM, receives the GEO Award.

Yael Elbaz, Head of Teva Stock Plans Management, Teva Pharmaceuticals, said about winning the “Best use of employee share plans in a corporate action” award: “When Teva acquired another business, which brought along thousands of employees in more than 70 countries, who had unvested awards to be converted into new Teva grants, rolling those participants over into our platform was a complex undertaking in and of itself. But the real challenge was completing the whole transformation within one week of the closing of the deal. With the help of our partners, we reached our ambitious target. Winning this award represents a fitting end to this successful project.”

Spotify Katarina Berg, Chief HR Officer, said about winning the “Best use of a share plan in a private company” award: “Our employee stock option programme was designed to encourage all permanent Spotifiers to share our founders’ passion and vision, and the future success of the company. To achieve that, the plan was made easy to understand and to participate in. As we’re a private company this was quite a challenge and meant our programme team had to get really innovative. We’re absolutely thrilled that their hard work and unique approach has won this coveted industry award.”

The awards formed part of GEO’s 18th Annual Conference, taking place in Rome, Italy attended by the share and compensation plan industry’s most senior representatives to hear about, discuss and debate this year’s theme of “Prepare for tomorrow’s global challenges” in a series of world-class key note speeches and more than 50 break-out sessions.

Equatex Global Sales and Marketing Director Mitan Patel, who serves on the GEO board of directors, said: “GEO plays a vital role in shaping the future of global employee share ownership and equity compensation. Hearing the quality of conversations and the level of expertise shared at this year’s conference underscores the value GEO brings to its members and our entire industry.”

Congratulations to Teva, Spotify and GAM as well as all other winners.

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Communication team at Equatex AG
Equatex provides international employee and executive compensation plan services for today’s global enterprise, supporting clients with participants across Europe, Asia, Australia and America.

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