STAMFORD, Conn., October 4, 2021 / PRNewswire / – Synchrony (NYSE: SYF), a leading consumer financial services company, today announced the Latinx Executive Alliance, a coalition of C-suite executives and business leaders from diverse companies, industries and sectors who are united in the support of Latinx employees have prescribed progress in American companies. The alliance will host its first virtual event on October 18NS from 12:00 p.m. to 1:00 p.m. ET.
According to the 2019 US Census, the Latinx community is the fastest growing population in the US, yet a recent corporate governance study by the Hispanic Association on Corporate Responsibility (HACR) reports that the Latinx community is 18 percent1 Latinx talent only holds four percent of the population2 of senior management positions in Fortune 500 companies.
“The Latinx Executive Alliance is helping to bridge the growing divide in recruiting and developing Latinx talent The United States“Said Alberto” Beto “Casellas, chief executive officer and executive vice president, Synchrony Health and Wellness. “As leaders in our own organizations, it is up to us to jointly invent, shape and act purposefully in order to provide more opportunities for the many Latinx people who are ready to lead.”
The Latinx Executive Alliance aims to create a more diverse workforce by identifying, mentoring, training and nurturing the next generation of Latinx executives. The alliance will also help identify opportunities within organizations where various professional talents can make a significant impact and help their companies better serve the needs of their customers and communities.
“At Synchrony, we encourage our employees to connect with organizations that offer diverse perspectives because we believe this can have a positive impact on their personal and professional development,” said DJ Casto, chief human resources officer at Synchrony. “When my colleagues and I were looking for a professional network in which C-Suite Latinx executives could work together, network, invest and support one another, we just couldn’t find one with more opportunities and better results for Latinx people and those of them companies they support. “
The Latinx Executive Alliance invites executives and executives from all companies, industries and sectors to their first virtual event entitled “Impacto” Monday, October 18, 2021 from 12:00 p.m. to 1:00 p.m. ET. The goal of the event is to create a forum where executives from across the Latinx community can sincerely begin to share and discuss the challenges and opportunities they see in Corporate America, as they and other Latinx executives do be able to support you on your career path together. The findings from the discussion will help shape the long-term goals and priorities of the alliance. Expected attendees include executives from Fortune 500 companies, as well as medium and small businesses. Current and aspiring Latinx professionals are invited and encouraged to attend the virtual event and can click here to register.
The speakers at the “Impacto” event include:
- Alberto “Beto” Casellas, EVP & CEO, Health & Wellness, Synchrony
- Fernando Aguirre, Board of Directors, Synchrony
- DJ Casto, EVP & Chief Human Resources Officer, Synchrony
- Lucy Perez, Senior Partner, McKinsey
- Amber-Marie Medina, VP, Product Strategy, Hispanic Segment & Hispanic Network Development Lead, Synchrony
Today’s announcement and the formation of the Latinx Executive Alliance are part of Synchrony’s wider effort to serve diverse communities, including the original $ 15 million Exposure to venture capital funds led by Latinx, Black and female investment partners in May 2021, the launch of the “Advancing Diverse Talent” (ADT) initiative and the “Education as Equalizer” initiative to expand access to higher education, qualifications in high-growth areas and financial literacy for underserved communities and their own workforce.
For more information on the Latinx Executive Alliance and the “Impacto” event, please visit https://events.synchrony.com/lea-impacto or email Elizabeth Caraballo, Senior Vice President, Diversity Talent Strategy, Synchrony, and Program Director of the Latinx Executive Alliance, at Elizabeth.Caraballo@synchrony.com.
About synchrony
Synchrony (NYSE: SYF) is a leading consumer financial services company. We offer a wide range of specialized funding programs and innovative banking products to consumers in key industries such as digital, retail, household, auto, travel, health and pet. Synchrony enables our partners to increase sales and customer loyalty. We are one of the largest publishers of private label credit cards in The United States; We also offer co-branded products, installment loans and consumer finance products for small and medium-sized businesses and healthcare providers.
Synchrony is changing what is possible through our digital capabilities, in-depth industry knowledge, actionable data insights, a smooth customer experience, and bespoke financing solutions.
For more information, please visit www.synchrony.com and Twitter: @Synchrony.
Media contact:
Michelle Blaya
Michelle.Blaya@syf.com
626-250-1415
1 blog.hacr.org/hri_blog/2020-hacr-cii-report-theme?__hstc=233546881.5af375493f24a989d71b3c61134cbbcc.1632418991168.1632418991168.1632418991168.1&__hssc=233546881.3.1632418991169
2 https://www2.deloitte.com/us/en/pages/center-for-board-effectness/articles/missing-pieces-board-diversity-census-fortune-500-sixth-edition.html
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