Bill Simek, 62, has retired as vice president of Denver-based Professional Trade Supply. Simek founded the company in 1973 and served the company as vice president until May 31. The company compensated Simek for his service through an employee stock ownership plan (ESOP).

Simek will remain involved with Professional Trade Supply as a member of its board of directors and as a mentor. He and his wife intend to spend more time at their home on the Lake of the Ozarks in Missouri.