Wolverine Worldwide Earns Great Place To Work Certification™
The Great Place To Work Certification distinguishes employers that prioritize employee experience, based on employees' survey feedback on trust, camaraderie, and appreciation in the workplace.
'Being a Certified great workplace is a testament to the culture we've built together at Wolverine Worldwide,' said Chris Hufnagel, President and Chief Executive Officer of Wolverine Worldwide. 'This recognition validates the amazing spirit of our team – a team that's committed to fulfill our vision to Make. Every Day. Better. and to create not just a great place to work, but a place where people can grow, lead, and leave a lasting impact.'
Wolverine Worldwide scored particularly higher than the industry average in team, camaraderie, hospitality and justice categories:
91% of respondents believe management promotes inclusive behavior, avoids discrimination, and is committed to fair treatment of its employees.
87% of respondents have a sense of enjoyment in the workplace thanks to a hospitable work environment, freedom to express themselves, and sense of community among team members.
87% of respondents feel a sense of pride in their team's accomplishments and are willing to give extra for the benefit of their team.
'By successfully earning this recognition, it is evident that Wolverine Worldwide stands out as one of the top companies to work for, providing a great workplace environment for its employees," said Sarah Lewis-Kulin, the Vice President of Global Recognition at Great Place To Work.
Being Certified by Great Places to Work comes on the heels of Wolverine Worldwide being recognized by Forbes as one of America's Dream Employers and America's Best Midsize Employers, and by Inspiring Workplaces as one of the Most Inspiring Workplaces in North America.
These achievements are credited to Wolverine Worldwide's prioritization of creating great workspaces and launching employee resource groups (ERGs) to foster connectivity among team members.
Since 2023, Wolverine Worldwide has upgraded its global workspaces to attract and retain top-tier talent, including:
Renovating 40,000-square feet at its global headquarters in Rockford, MI, to create a new headquarters for its Merrell and Saucony brands (May 2025)
Opening a new 11,000-square-foot Innovation Hub in Boston, MA (November 2024)
Opening new Office Space in Zhuhai, China (October 2024)
Opening new Office Space in Hong Kong (September 2024)
Renovating its European Headquarters in King's Place, London (June 2023)
On-site amenities offered at its global headquarters include subsidized daycare and early education center for children, fitness centers including personal training and group classes taught by certified personal trainers, hiking and nature trails, subsidized cafeteria, and dog daycare options.
In 2024, Wolverine Worldwide launched ERGs to connect team members centered around a shared interest. The voluntary, employee-led groups promote inclusivity, build community, and provide personal and professional support to its members. Current ERGs include: PRIDE, Wolverine Military and Veterans, Wolverine United, Wolverine Young Professionals, Womxn's Resource Community, and Working Moms.
For more information on careers at Wolverine Worldwide, visit: careers.wolverineworldwide.com.
Founded in 1883, Wolverine World Wide, Inc. (NYSE:WWW) is one of the world's leading designers, marketers, and licensors of branded casual footwear and apparel, performance outdoor and athletic footwear and apparel, kids' footwear, industrial work boots and apparel, and uniform footwear. The Company's portfolio includes Merrell®, Saucony®, Sweaty Betty®, Hush Puppies™, Wolverine®, Chaco®, Bates®, HYTEST®, and Stride Rite®. Wolverine Worldwide is also the global footwear licensee of the popular brands Cat® and Harley-Davidson®. Based in Rockford, Michigan, for more than 140 years, the Company's products are carried by leading retailers in the U.S. and globally in approximately 170 countries and territories. For additional information, please visit our website, www.wolverineworldwide.com.
Great Place To Work® Certification™ is the most definitive 'employer-of-choice' recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace. Great Place to Work Certification is recognized worldwide by employees and employers alike and is the global benchmark for identifying and recognizing outstanding employee experience. Every year, more than 10,000 companies across 60 countries apply to get Great Place To Work-Certified.
ABOUT GREAT PLACE TO WORK®
As the global authority on workplace culture, Great Place To Work® brings 30 years of groundbreaking research and data to help every place become a great place to work for all. Their proprietary platform and For All™ Model helps companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To Work Certified™ or receiving recognition on a coveted Best Workplaces™ List.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
26 minutes ago
- Business Wire
Wells Fargo Scandal Drove Borrowers to Fintech Lenders, UC Davis Study Suggests
BUSINESS WIRE)--The Wells Fargo financial scandal in 2016 diminished consumer trust in traditional banks while driving homebuyers to fintech lenders for mortgages, a University of California, Davis, study suggests. 'I document that geographic areas with larger exposures to the Wells Fargo scandal increased the probability of consumers choosing fintech for their mortgage lender,' said Yang, an assistant professor at the UC Davis Graduate School of Management. The paper, 'Trust as an entry barrier: Evidence from FinTech adoption,' was published online in the Journal of Financial Economics. The paper was written by Keer Yang, an assistant professor in the UC Davis Graduate School of Management specializing in finance and financial technology. 'I document that geographic areas with larger exposures to the Wells Fargo scandal increased the probability of consumers choosing fintech for their mortgage lender,' Yang said. Short for financial technology, fintech refers to products and services designed to let consumers and businesses conduct banking and other financial services digitally. The difference in interest rates and other fees for comparable 30-year, fixed-rate loans on single-family homes between banks and fintech lenders did not change after the 2016 scandal. 'Therefore it is trust, not the interest rate, that affects the borrower's probability of choosing a fintech lender,' Yang wrote. Financial scandal erupts In one of the most prominent bank scandals since the global financial crisis of 2008, Wells Fargo was fined $3 billion by the federal government over allegations that bank employees, under pressure to meet unrealistic sales goals, had opened millions of accounts and saddled customers with fees 'under false pretenses and without consent' between 2002 and 2016. While a Los Angeles Times story documented the alleged practices in 2013, the scandal did not erupt until 2016, when Wells Fargo initially was fined $185 million by federal regulators, capturing national attention. Data analysis Yang analyzed Gallup poll answers regarding trust in banks, internet searches on 'Google Trends' on bank scandals, newspaper articles about the Wells Fargo fines and scandal, and deposits and mortgage loan data sets in traditional banks and in fintech lenders. The period examined was 2012 to 2021. Use of financial services increased from 2% of the market in 2010, before any knowledge of the Wells Fargo scandal, to 8% in 2016, according to the research paper. Furthermore, in areas with Wells Fargo banks — where exposure to the scandal was more pronounced — customers were on average 4% more likely to use non-bank lenders than any banks after 2016. The scandal had a minimal effect on bank deposits, probably because of protections afforded by deposit insurance, Yang said.
Business Wire
an hour ago
- Business Wire
AM Best Affirms Credit Ratings of W. R. Berkley Corporation and Its Subsidiaries
OLDWICK, N.J.--(BUSINESS WIRE)-- AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of 'a-' (Excellent) of W. R. Berkley Corporation (W. R. Berkley) (Greenwich, CT) [NYSE: WRB] and all associated Long-Term Issue Ratings (Long-Term IRs) and indicative Long-Term IRs for securities issued by W. R. Berkley. At the same time, AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term ICRs of 'aa-' (Superior) of Berkley Insurance Company (Wilmington, DE) and its reinsured subsidiaries and affiliates, collectively referred to as W. R. Berkley Insurance Group (Berkley Group). AM Best also has affirmed the FSR of A+ (Superior) and the Long-Term ICR of 'aa-' (Superior) of Berkley Life and Health Insurance Company (Berkley Life and Health) (Urbandale, IA). The outlook of the FSR is stable while the outlook of the Long-Term ICR is positive. (See below for a detailed list of the companies and ratings.) The positive outlook for the Long-Term ICR reflects the Berkley Group's favorable operating performance and balance sheet metrics. Berkley Group has grown its GAAP surplus organically over the most recent 10-year period. Additionally, Berkley Group has improved its financial leverage. The Credit Ratings (ratings) of the Berkley Group reflect its balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management (ERM). Berkley Group's balance sheet strength assessment is anchored by its risk-adjusted capitalization consistently being at the strongest level, as measured by Best's Capital Adequacy Ratio (BCAR). Debt leverage has trended downward over the past five years and was 19.1%, adjusted as of year-end 2024. The group's interest coverage and liquidity metrics remain strong. Berkley Group effectively maintains a diversified investment portfolio to support its liabilities and is focused on creating the most favorable return while maintaining its risk tolerance levels. The group continues to maintain its favorable market share in its core lines of business, as well as continuing to grow organically through new businesses and opportunities. The group's historically consistent operating results and profitability metrics point to agile underwriting and pricing discipline, as well as effective risk management expertise. Berkley Group reported net premium growth across most of its core business in the first quarter of 2025, with a GAAP return-on-equity (ROE) ratio of 19.9% and GAAP operating ROE of 19.3%. Berkley Group's effective ERM practices and risk-modeling capabilities are supportive of its current investment and operational risks as demonstrated by its lack of volatility in its financial results and the enterprise's overall capitalization. The ratings of Berkley Life and Health reflect its balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and appropriate ERM. The ratings also reflect the financial and operational support of the parent company. Berkley Life and Health's balance sheet strength assessment is supported by its strongest level of risk-adjusted capitalization, as measured by BCAR. Despite paying a $75 million dividend to its parent in 2024, the company still maintained its BCAR in the strongest assessment level while reporting favorable liquidity ratios and positive cash flow at year-end 2024. It continues to maintain a conservative, high-quality investment portfolio consisting of fixed-income securities and cash & short-term investments. Berkley Life and Health has grown net premium annually over the last five years driven by new and renewal sales of its group captive and medical stop-loss products. Except for 2024, the company has reported increasing net underwriting income annually during this period, with slightly lower net underwriting income reported at year-end 2024. While Berkley Life and Health is a leader in the group captive market and maintains a niche in the small group medical stop-loss space, it operates in a highly competitive medical stop-loss market dominated by larger national insurers. The company benefits from explicit and implicit support provided by W. R. Berkley, and is fully integrated into the parent's strategy, operations and ERM. The FSR of A+ (Superior) and the Long-Term ICRs of 'aa-' (Superior) have been affirmed, with a stable outlook for the FSR and positive outlooks for the Long-Term ICRs for the following members of W. R. Berkley Insurance Group: Acadia Insurance Company Admiral Indemnity Company Admiral Insurance Company Berkley Casualty Company Berkley Assurance Company Berkley Insurance Company Berkley National Insurance Company Berkley Prestige Insurance Company Berkley Regional Insurance Company Berkley Specialty Insurance Company Carolina Casualty Insurance Company Clermont Insurance Company Continental Western Insurance Company Firemen's Insurance Company of Washington, D.C. Gemini Insurance Company Great Divide Insurance Company Intrepid Casualty Company Intrepid Insurance Company Intrepid Specialty Insurance Company Key Risk Insurance Company Midwest Employers Casualty Company Nautilus Insurance Company Preferred Employers Insurance Company Queen's Island Insurance Company, Ltd. Riverport Insurance Company StarNet Insurance Company Tri-State Insurance Company of Minnesota Union Insurance Company Union Standard Lloyds W. R. Berkley Europe AG Berkley International Seguros Mexico S.A. Berkley International Compania de Garantias Mexico, S.A. de C.V. The following Long-Term IRs have been affirmed with positive outlooks: W. R. Berkley Corporation — -- 'a-' (Excellent) on $250 million, 6.25% senior unsecured notes, due 2037 -- 'a-' (Excellent) on $350 million, 4.75% senior unsecured notes, due 2044 -- 'a-' (Excellent) on 470 million, 4.0% senior unsecured notes, due 2050 -- 'a-' (Excellent) on $400 million, 3.55% senior unsecured notes, due 2052 -- 'a-' (Excellent) on $350 million, 3.15% senior unsecured notes, due 2061 -- 'bbb+' (Good) on $185 million, 5.7% subordinated debentures, due 2058 -- 'bbb+' (Good) on $300 million, 5.1% subordinated debentures, due 2059 -- 'bbb+' (Good) on $250 million, 4.25% subordinated debentures, due 2060 -- 'bbb+' (Good) on $300 million, 4.125% subordinated debentures, due 2061 The following indicative Long-Term IRs under the shelf registration have been affirmed with positive outlooks: W. R. Berkley Corporation — -- 'a-' (Excellent) on senior unsecured debt -- 'bbb+' (Good) on subordinated debt -- 'bbb' (Good) on preferred stock W. R. Berkley Capital Trust III — -- 'bbb' (Good) on preferred securities This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments.
Business Wire
an hour ago
- Business Wire
Shift4 Announces Date of Initial Preferred Stock Dividend
CENTER VALLEY, Pa.--(BUSINESS WIRE)--Shift4 Payments, Inc. ('Shift4' or the 'Company') (NYSE: FOUR), announced today, in connection with the 10,000,000 shares of 6% Series A Mandatory Convertible Preferred Stock issued on May 5, 2025, that its Board of Directors has declared a dividend of $1.45 per share to be paid in cash on August 1, 2025 to holders of record as of the close of business on July 15, 2025. Subject to the terms of the Mandatory Convertible Preferred Stock, and as described further in the prospectus supplement filed by the Company with the Securities and Exchange Commission on May 2, 2025, the declaration and payment of future quarterly dividends, if any, will be at the sole discretion of the Board of Directors based on its consideration of various factors, including the company's operating results, financial condition and anticipated capital requirements. Additional information regarding the Series A Mandatory Convertible Preferred Stock can be found within the Company's Current Report on Form 8-K, filed with the Securities and Exchange Commission on May 5, 2025, which can be accessed via the Company's website About Shift4 Shift4 (NYSE: FOUR) is boldly redefining commerce by simplifying complex payments ecosystems across the world. As the leader in commerce-enabling technology, Shift4 powers billions of transactions annually for hundreds of thousands of businesses in virtually every industry. For more information, visit Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Shift4 intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding Shift4's expectations associated with the declared dividends and future dividend payments. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to the substantial and increasingly intense competition worldwide in the financial services, payments and payment technology industries; our ability to continue to expand our share of the existing payment processing markets or expand into new markets; additional risks associated with our expansion into international operations, including compliance with and changes in foreign governmental policies, as well as exposure to foreign exchange rates; and our respective ability to integrate and interoperate each of our services and products with a variety of operating systems, software, devices, and web browsers, and the other important factors discussed under the caption 'Risk Factors' in Part I, Item 1A in Shift4's Annual Report on Form 10-K for the year ended December 31, 2024, as updated by our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 and our other filings with the SEC. Any such forward-looking statements represent management's expectations as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, Shift4 disclaims any obligation to do so, even if subsequent events cause our views to change.
