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Washington Mutual names Hernandez to head multicultural and diversity efforts

(Sept. 29, 2005) Washington Mutual, Inc. 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 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 outreach areas."

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 Government Affairs.

Hernandez was named one of the nation's top 50 Influential Minorities in Business in 2004 by the Minority Business and Professionals Network.

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.

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