NCIMED Recognizes Business Leaders for Expanding Business Diversity
The three awards and their recipients were:
- President’s Award – Derek Cantey, senior supplier diversity manager in the corporate supplier diversity group for Wells Fargo
- Robert J. Brown Trailblazer Award – Larnie G. Horton
- Corporate Diversity Award – Bank of America
“These recipients understand that globalization and shifting demographics make supplier diversity a business imperative,” said NCIMED President Andrea Harris. “They demonstrate by their actions that supplier diversity is achievable and desirable. They set the bar for their competitors and they drive economic growth.”
Cantey is responsible for Wells Fargo’s supplier diversity strategic planning, diversity sourcing and procurement, education and outreach, and he acts as the department’s principal contact to the company’s lines of business. He has held numerous positions within the sourcing and procurement department of Wells Fargo during his 25 years with the company.
Cantey is chairman of the Financial Services Roundtable for Supplier Diversity, an industry group of the National Minority Supplier Development Council, and serves on the boards of directors of Carolinas Minority Supplier Development Council, National Minority Supplier Development Council and Women Business Enterprise National Council. He was recognized by Minority Business News as one of the Top Leading Men in Supplier Diversity.
Horton was the first African American assistant to former N.C. Gov. James Holshouser. Under the governor’s leadership, Horton recruited and hired approximately 5,000 minorities for statewide and cabinet-level positions. He was director of the first U.S. Department of Commerce Office of Minority Business Enterprise in North Carolina, the owner and operator of numerous businesses and recipient of numerous small business awards. As president of IDDC, an import/export firm, he marketed coal to major utilities in the United States, France and Germany.
Horton is past president of Kittrell College, a U.S. Army veteran and an ordained minister, who has pastored numerous churches across North Carolina. He was presiding elder of the Western North Carolina Conference, Second Episcopal District AME Church. A graduate of Morris Brown College, he holds a Master of Divinity degree from Duke University.
Bank of America, one of the world’s largest financial institutions, has consistently proven its commitment to the development of small and historically underutilized businesses by including them in its supplier base.
Bank of America spent $2.3 billion with diverse businesses in 2012. The company encourages supplier diversity by using diverse suppliers in the communities it serves. Its Supplier Diversity and Development Program will celebrate its 25th anniversary in 2015. The program focuses on diverse supplier development, diverse supplier inclusion in procurement opportunities, enabling diverse supplier spend strategies and diverse supplier business advocacy and engagement.
NCIMED is a nonprofit consulting and services organization focused on creating business and economic success through diversity. NCIMED helps small businesses start and grow, large corporations diversify their supply chains, and local and state governments expand their business base. Its experts are leading advisors and advocates for public policies and business practices that promote marketplace diversity. NCIMED’s work is funded entirely by grants and business diversity contracts with public and private organizations and donations. For more information, visit www.ncimed.org or call (919) 956-8889.
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