Whirlpool Corporation's Chairman and CEO Marc Bitzer to be Founding Member of OneTen Coalition
Whirlpool Corporation (NYSE: WHR) announced that Chairman and CEO Marc Bitzer will join OneTen, a coalition aimed at training, hiring, and advancing one million Black Americans in sustainable jobs over 10 years.
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Rhea-AI Summary
Whirlpool Corporation (NYSE: WHR) announced that Chairman and CEO Marc Bitzer will join OneTen, a coalition aimed at training, hiring, and advancing one million Black Americans in sustainable jobs over 10 years. This initiative aligns with Whirlpool's commitment to workplace inclusivity and diversity. The company has previously launched a multi-year action plan to support Black colleagues and established Employee Resource Groups to enhance employee engagement. Whirlpool has received accolades for its diversity efforts, scoring a perfect 100 on the Corporate Equality Index in 2020.
Positive
- Marc Bitzer joins OneTen coalition to promote job opportunities for Black Americans.
- Whirlpool's commitment to diversity aligns with its business strategy.
- Recognition for diversity efforts, scoring 100 on the Corporate Equality Index in 2020.
Negative
- None.
Details
News Market Reaction – WHR
The recorded move for WHR in the trading session of this news was +0.83%.
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BENTON HARBOR, Mich., Dec. 11, 2020 /PRNewswire/ -- Whirlpool Corporation (NYSE: WHR) announced that its Chairman and CEO Marc Bitzer will become a founding member of OneTen, a coalition of leading executives who are coming together to create an organization with the mission to train, hire and advance one million Black Americans over the next 10 years into family-sustaining jobs with opportunities for advancement.
Launched with 36 other company CEOs across a variety of industries, Bitzer and Whirlpool Corporation will work with partner organizations to continue to improve workplace inclusivity practices and provide opportunities for Black Americans. These actions align with Whirlpool Corporation's commitment to foster an inclusive and diverse culture where all employees feel welcomed, respected, valued and heard.
"Inclusion and diversity has always been a top priority for us as a company, and I am honored to join my peers at other companies in this incredible effort focused on removing structural barriers and driving real results," said Bitzer. "We have continually worked to create an engaging and inclusive environment across our organization, and we look forward to continuing to drive our core values and providing opportunities for all of our employees to succeed."
Whirlpool Corporation has long believed in the power of inclusion and diversity to drive its business strategy. Earlier this year, the company announced a multi-year action plan to drive sustainable, positive impact for all current and future Black colleagues and its local community – which will ultimately help all underrepresented groups within the company. Additionally, in 2019, the company established its annual Global Inclusion Week, a program designed to engage employees and teach them about the importance and benefits of Inclusion and Diversity in the workplace.
Whirlpool Corporation also champions Employee Resource Groups (ERGs), that include the FOCUS Network supporting Black employees and the Whirlpool Women's Network (WWN), to attract, engage, and retain a diverse workforce and create an inclusive workplace. The company is also a member of Catalyst CEO Champions for Change, which pledges to advance more women into all levels of leadership.
As a result of these ongoing efforts, Whirlpool Corporation is regularly recognized as a leading company in efforts related to diversity and inclusion. In 2020, the Company was named to the 2020 Diversity Best Practices Inclusion Index and scored a perfect 100 on the 2020 Corporate Equality Index.
About Whirlpool Corporation
Whirlpool Corporation (NYSE: WHR) is the world's leading kitchen and laundry appliance company, with approximately
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SOURCE Whirlpool Corporation
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