Dick DeVos: a Shrewd Investor who Supports Community Initiatives

Dick DeVos is an ingenious business and community executive. He frequently speaks about business innovation, community building, and organizational development and leadership. DeVos has worked in a series of executive positions at global companies such as The Windquest Group, Orlando Magic, and Amway Corporation. He has founded and sponsored numerous foundations that focus on boosting the quality of education, promoting peace, and helping the economically disadvantaged groups in the society.

 

DeVos’ record of achievements at Amway

 

DeVos commenced his business career at Amway Corporation in 1974. He served in numerous capacities in different departments such as manufacturing, research and development, finance, sales, and marketing. A decade later, he assumed the position of vice president in charge of overall operations of Amway Corporation in 18 nations. DeVos guided the firm into increasing its addressable market and tripling its global sales to outdo local sales for the first time since its establishment.

 

DeVos left Amway in 1991 and spent a span of two years as the head of Orlando Magic. In 1993, he returned as the president of Amway Corporation to fill in for his father who had retired. DeVos was responsible for managing the operations of the firm in over 50 nations. In 2000, he introduced a series of changes that transformed the structure and investment strategy of the company. His corporate restructuring plan formed Alticor that became the umbrella company of Amway and other affiliate companies. DeVos’ mission was to propel Amway into profitability by minimizing overhead expenses. In 2002, When DeVos left Alticor, the firm recorded sales worth $4.5 billion, majorly through its over 3.5 million sales force that worked on a part-time basis and its complementary e-commerce network.

 

Role at The Windquest Group

 

After his tenure as the president of Alticor ended, DeVos became the CEO of The Windquest Group, one of the fastest-rising private held firms with stakes in manufacturing, energy, technology, and other sectors. On several occasions, DeVos has said that his company specializes in maintaining environmental and economic sustainability.

 

Participation in community initiatives

 

DeVos is a respected community leader due to his unconditional support for several community initiatives. Education Freedom Fund, a foundation that issued over 4,000 scholarships to disadvantaged children living in Michigan, is a brainchild of Dick DeVos. He also started the West Michigan Aviation Academy, a one of a kind high school that offers an educational course that concentrates on aviation. He has chaired many healthcare improvement projects within the Grand Rapids region.

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