Watertree Health President Shane Power Joins the Young Presidents’ Organization
By Matthew Herfield, CEO of Watertree Health
I would like to extend a big congratulations to our President Shane Power for being accepted into the Young Presidents’ Organization (YPO)—the premier leadership organization of chief executives in the world. This elite network has over 28,000 global business leaders across 130 countries. Some past and present notable members include Charles R. Schwab, Founder & CEO of Charles Schwab Corporation, Robert Wood Johnson II, president of Johnson & Johnson, Leonard Lauder, former CEO of Estee Lauder, Penny Pritzker, US Secretary of Commerce, and Sheryl Sandberg, COO Facebook.
To qualify for membership, a person must have become, before age 45, the president or chairman and chief executive officer of a corporation of significance with a minimum revenue and a minimum number of employees. I’m sure the organization also recognized Shane as a sterling example of a new breed of successful business leaders who have proven that purpose can help drive profits.
Since joining our company, social responsibility has remained Shane’s core focus and motivation. He’s built a team of community-based representatives who, like him, are passionate about helping their neighbors afford their vital medicines. This has translated into over $700,000,000 in prescription savings and significant revenue growth year over year for the past seven years. That passion has also extended to the nonprofit alliances Shane has forged. Not only is his team responsible for nearly $5,000,000 in donations to Make-A-Wish®, but Shane also serves as Treasurer on the Make-A-Wish Arizona Board of Directors.
According to YPO, its founding principle is based on education and idea-sharing among peers. The organization regularly stages events featuring world-renowned speakers, political figures, athletes, and business gurus. These gatherings offer the opportunity for peer-to-peer networking with some of the world’s greatest leaders, timely guidance in a judgment-free and confidential setting, and meaningful relationships with like-minded thinkers. I’m positive that Shane and his fellow YPO members will greatly benefit from each other’s valuable insights.
We are extremely proud of Shane—his leadership, what he’s been able to accomplish at Watertree Health, and now his YPO membership. His acceptance was more than well deserved!