SEATTLE--(BUSINESS WIRE)--Sept. 29, 2005--Washington Mutual, Inc.
(NYSE:WM) has named Fernando Hernandez as senior vice president,
Multicultural & Diversity Strategy. In this role, Hernandez is
responsible for overseeing a comprehensive strategy that further
embraces diversity within Washington Mutual and expands on the
company's business strategies to address the growing ethnic
populations across the United States. He will report to Reza
Aghamirzadeh, division executive of Washington Mutual's Community and
External Affairs Division.
"We are proud of our past accomplishments in the multicultural
markets arena, both from a market outreach and employee diversity
standpoint," said Aghamirzadeh. "We also realize there's more to be
done. Moving forward, Fernando's appointment provides a great
opportunity to better leverage synergies among our different diversity
Hernandez joins Washington Mutual from AT&T, where he developed
and led numerous diversity programs during his 14-year tenure there.
As AT&T's executive director of supplier diversity, he developed
internal and external strategies, was the company's principal contact
with its diverse constituency groups and drove corporate diversity
initiatives with AT&T's Public Relations, Human Resources and
Hernandez was named one of the nation's top 50 Influential
Minorities in Business in 2004 by the Minority Business and
Washington Mutual has a solid reputation for celebrating
diversity. In 2005, the company was ranked among Hispanic magazine's
"Corporate 100: Best Companies for Hispanics" and "Top 50 Vendor
Programs for Latinos;" Hispanic Business magazine's "Top Companies for
Diversity;" Family Digest's "Best Companies for African Americans;"
Diversity Inc.'s "Top 10 Companies for Supplier Diversity;" and one of
"35 Great Places to Work for African-American Women" by Essence. In
2004, the company was ranked among FORTUNE's "50 Best Companies for
Washington Mutual has also partnered with Earvin "Magic" Johnson's
Johnson Development Corporation (JDC) to increase homeownership in the
nation's underserved communities. Since 2003, Washington Mutual and
JDC have opened 26 home loan centers together in New York City,
Washington, D.C., Atlanta, Chicago, Los Angeles, the San Francisco Bay
Area, Houston, Miami and Newark, N.J. In just two years, Washington
Mutual has provided more than $2 billion in home loans to inner-city
residents. It also has introduced Solid Start(TM), a free, four-part
financial education and credit building program to help people in
underserved communities build wealth, achieve their financial goals
and realize the dream of home ownership.
About Washington Mutual
With a history dating back to 1889, Washington Mutual is a
retailer of financial services that provides a diversified line of
products and services to consumers and commercial clients. At June 30,
2005, Washington Mutual and its subsidiaries had assets of $323.53
billion. Washington Mutual currently operates more than 2,400 retail
banking, mortgage lending, commercial banking and financial services
offices throughout the nation. Washington Mutual's press releases are
available at www.wamunewsroom.com.
CONTACT: Washington Mutual
Lotus Lou, 206-377-8178
SOURCE: Washington Mutual, Inc.