NEW YORK, June 16, 2016 /PRNewswire-USNewswire/ -- The Women Presidents' Organization (WPO) has announced Wells Fargo & Company is the exclusive corporate sponsor of the organization's Platinum Group members who generate a minimum annual gross revenue of over $10 million and average annual revenues of $42 million. The partnership is focused on stimulating business opportunities to drive second-stage businesses to the next level. The new Wells Fargo program will also connect successful women entrepreneurs with Wells Fargo procurement professionals. There are six WPO Platinum Groups with a total of 105 members globally. Each group has a maximum of 20 members representing noncompetitive industries.
The growing power of women's businesses and its profound impact on the economy has not received the attention it deserves. Women-owned/led middle market companies generate combined revenues of more than $743 billion and were collectively responsible for more than 6.4 million jobs in 2014.
"Wells Fargo is committed to developing and engaging women and diverse-owned suppliers to provide them with equal opportunities to compete for business through our Corporate Supplier Diversity program," said Regina Heyward, Senior Vice President and head of Supplier Diversity for Wells Fargo. "Our support of WPO's Platinum Groups reflects Wells Fargo's strategy to build capacity and economic empowerment through diverse supplier development," she said.
"A long-time supporter and corporate sponsor of the Women Presidents' Organization, Wells Fargo recognizes the significant impact that accomplished women entrepreneurs have had leading successful second-stage businesses, and the influence they will continue to have on achieving economic security," said Dr. Marsha Firestone, WPO President and Founder.
As the leading lender to women and diverse-owned businesses, Wells Fargo will offer a new dimension in educational programming provided for Platinum Group members in the Women Presidents' Organization. As the ultimate affiliation for successful women entrepreneurs worldwide, the WPO mission is to accelerate business growth, enhance competitiveness and promote economic security for multi-million dollar women-led companies through confidential and collaborative peer learning groups.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company providing banking, insurance, investments, mortgage and consumer and commercial finance through 8,800 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking.
About the Women Presidents' Organization
The WPO is the ultimate affiliation for successful women entrepreneurs worldwide. In monthly meetings across the world, women from diverse industries invest time and energy in themselves and their businesses to drive their corporations to the next level. Local WPO chapters are coordinated by a professional facilitator and meet monthly to share business expertise and experience in a confidential setting. For more information, call 212-688-4114 or visit www.womenpresidentsorg.com. Follow WPO on Twitter (@womenpresidents) and like us on Facebook.
Contact: Susan Johnson
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SOURCE Women Presidents' Organization