Priscilla Wallace Named Head of Supplier Diversity for Wells Fargo
09 Novembre 2021 - 3:00PM
Business Wire
Wells Fargo & Company (NYSE: WFC) today announced that
Priscilla Wallace has been named head of supplier diversity for the
company. Wallace joined Wells Fargo last month and will report to
Barb Kubicki-Hicks, chief procurement officer, with a dotted line
to Kelley Cornish, head of Diverse Segments, Representation and
Inclusion Program Management Office and Enterprise Initiatives.
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Priscilla Wallace (Photo: Wells
Fargo)
In her new role, Wallace leads a team of supplier diversity
professionals to build relationships within the communities Wells
Fargo serves through the development, inclusion, and utilization of
certified minority, women, LGBTQ, veteran, disability-owned and
small business enterprises. Wallace will implement an integrated
approach with strategic sourcing, procurement, and the company’s
lines of business to generate increased opportunities for certified
diverse suppliers.
“Priscilla joins us at a crucial and transformational time for
our brand,” said Cornish. “With her vast experience, she will focus
on developing business strategies to ensure a diverse supplier base
is represented that will ultimately promote innovation and provide
a distinct competitive advantage for our business.”
Wallace brings more than two decades of supply chain and
diversity, equity, and inclusion experience to her new position.
She joins Wells Fargo from Foodbuy – Compass Group, where she was
vice president of supplier diversity since 2016, responsible for
accelerating supplier growth across the organization. Prior to
joining Compass, Wallace served as vice president of corporate
development and executive director for Charlotte Minority Economic
Development Initiative. She also spent 13 years in supply chain and
diversity leadership roles at the American Red Cross.
Wallace has received numerous accolades during her career. She
was recognized in 2020 and 2018 as one of the Top 25 Diversity
Women in Power by Diversity Plus, Inc. and on the Top 50 Omni
awards for multicultural businesses in 2018 and 2019. She is a
graduate of Delta State University.
Wells Fargo’s supplier diversity program is a key part of the
company’s commitment to diversity, equity, and inclusion
(DE&I). Since 2012, Wells Fargo has spent more than $10 billion
with diverse suppliers. Wells Fargo is on track for its eighth
consecutive year of spending more than $1 billion with certified
diverse suppliers. Through the first half of 2021, the company is
spending more than 13% of total controllable spend with diverse
suppliers, surpassing the financial services industry average of
10%.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial
services company that has approximately $1.9 trillion in assets,
proudly serves one in three U.S. households and more than 10% of
small businesses in the U.S., and is the leading middle market
banking provider in the U.S. We provide a diversified set of
banking, investment, and mortgage products and services, as well as
consumer and commercial finance, through our four reportable
operating segments: Consumer Banking and Lending, Commercial
Banking, Corporate and Investment Banking, and Wealth &
Investment Management. Wells Fargo ranked No. 37 on Fortune’s 2021
rankings of America’s largest corporations. In the communities we
serve, the company focuses its social impact on building a
sustainable, inclusive future for all by supporting housing
affordability, small business growth, financial health, and a
low-carbon economy. News, insights, and perspectives from Wells
Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com |
Twitter: @WellsFargo.
News Release Category: WF-LO
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version on businesswire.com: https://www.businesswire.com/news/home/20211109005649/en/
Media Edna M. Silva, 213-248-1415
edna.m.silva@wellsfargo.com
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