In a recent article for Michigan Live, Dick DeVos was featured regarding his announcement of a new CEO to head The Stow Company Inc., which is a top company in the home storage and organizational products industries. Phil Dolci will succeed Frank Newman, who is retiring at the latest CEO. It appears that The Stow Company will be in capable hands, given Dolci’s many years of experience in the consumer products manufacturing and marketing industries. Dolci previously served as the CEO of Crosman Corporation, which is a top manufacturer and supplier of shooting products based in Cincinnati. Dick DeVos is quoted as praising Dolci’s leadership abilities and expertise in the industry and says that he looks forward to the company’s growth with Dolci at the helm.
DeVos has built quite the reputation as an entrepreneur and businessman based in Michigan. He comes from a long family background of prominent businessmen in the Michigan area, including his father, Richard DeVos, who served as the CEO of Amway and was one of the co-founders of the consumer goods distribution company. DeVos followed in his father’s prestigious footsteps at Amway and served as the CEO of the company from 1993 through 2002. Since then, DeVos has embarked upon an extremely successful series of business ventures, which have netted him an impressive net worth of approximately $5.1 billion. According to Forbes magazine, this made DeVos the 67th richest person in the world in 2012.
In addition to his many business ventures in Michigan, DeVos is also extremely active in politics and community issues. He served on the Michigan State Board of Education in 1990 and ran for governor of Michigan in 2006. DeVos has served as a strong voice in advocating for the local economy in Michigan and supports various educational reform causes through his own philanthropic work as well as consistent political advocacy.
DeVos currently serves as the president of the Dick and Betsy DeVos Foundation, which is a charitable organization based out of Michigan that works to promote education, the arts, community organization and free-market economic policies. He helped to launch the first public aviation public charter high school, the West Michigan Aviation Academy, in the fall of 2010. One of DeVos’ lifelong passions has been flying, and he is able to share that passion with today’s youth through the West Michigan Aviation Academy. He says is is also proud that the academy is a public charter school.