CHARLOTTE, NC /diversitybusiness.com/ Wachovia Corporation has named Lenny Springs Director of Supplier Diversity. Springs will be responsible for leading the corporation's supplier diversity initiatives by creating and providing growth opportunities for minority and women business entrepreneurs as Wachovia suppliers.

"Our company has a strong commitment to diversity and the establishment of an effective supplier diversity program," said Ken Thompson, President and CEO of Wachovia Corporation. "We know firsthand the value and importance of programs focused on supplier diversity, and today's announcement reaffirms that commitment."

Springs joined Wachovia Corporation in 1983 and most recently served as senior vice president of strategic partnerships in the Community Development Group. He specializes in promoting public awareness and instituting progress programs for community advancement and community reinvestment. Springs has designed, developed and implemented numerous programs for small and minority businesses as well as education advancement programs. Springs is also active in the community; he has served on the national board of directors for NAACP and was the founding president of 100 Black Men of Charlotte.

"We believe we have a responsibility to the communities where we conduct business," said Springs. "Building diversity in our supplier base is an integral part of our company's strategic sourcing and procurement process."

Business owners interested in learning more about Wachovia's Supplier Diversity program may access Wachovia's website at https://safeweb.wachovia.com/gsv/diversity.asp.

About Wachovia
Wachovia Corporation, created through the September 1, 2001, merger of First Union and Wachovia, had assets of $330 billion and $28 billion in stockholders' equity at December 31. Wachovia is a leading provider of financial services throughout the East Coast and the nation. The company operates full-service banking offices under the First Union and Wachovia names in 11 East Coast states and Washington, D.C., and offers full-service brokerage with offices in 49 states and global services through more than 30 international offices. Online banking and brokerage products and services are available through wachovia.com and firstunion.com.