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Dick DeVos’s Stow Company Appoint a New Chief Executive Officer

Frank Newman who retired earlier this year is thought to remain as a member of the board of director at The Stow Company, founded by one of the world richest billionaire couple, Dick DeVos and his Betsy DeVos. Frank was replaced by a new CEO, Phil Dolci as at 4th April this year. The Stow Company, is a subsidiary of the Amway Holding Company, The Windquest Group based in Grand Rapids, Michigan. The company has grown in the past decade to become one of the best companies offering innovative and quality storage systems.

Phil Dolci has had over 30 years of experience as an executive, recently working as the president and Chief Executive Officer at Crosman Corporation. Crosman Corporation is world class designer, manufacturer and distributer of shooting sports products. He has excelled as a business leader particularly in product manufacturing and marketing. He background as a leader at a number of companies including Sanford (a subsidiary division of Newell Rubbermaid), Dean Foods, ConAgra Foods, and US Playing Cards (a division of Jarden Corporation) makes the perfect replacement for Frank Newman.

He holds a Bachelor’s Degree in Economics from the University of Chicago and an MBA from Kellogg School of Management, a constituent of Northwestern University. Dick DeVos believes that Dolci will be the man to carry on the tenure of Frank Newman, bringing with the kind of experience and expertise that will drive the company toward growth in the industry.

About Dick DeVos

Dick DeVos is the chairman and founder of The Stow Company, a division of Amway earlier founded in 1959, by Richards DeVos (his father). Dick DeVos acquired his entrepreneurial skills and experiences working for his father spearheading the company’s operation from 1993 until 2002. He entered into politics by running as the Governor of Michigan, but was outdone by his Democratic compatriot.

Both Dick and his wife Betsy have promoted education initiatives. The philanthropist couple have continued the DeVos family tradition by donating to schools including Grand Rapids Aviation Trade School, Michigan Christian school among others. They established the Education freedom Fund, an initiative that offer low-income students with scholarships to attend private schools.

He is a serious supporter of liberal democratic political leaders and has been involved in funding a number of their campaigns. Dick DeVos is also one of the 67 richest American businessmen with a net worth of approximately $5 billion.


QNet,“ owned by QI Group, is a multilevel marketing company operating in several countries across Asia. Started in 1998 by Vijay Eswaran, QNet has enjoyed a lot of success and brought opportunity to millions who otherwise might not have ever had a chance to partake in what is largely an entrepreneurial venture. QNet empowers employees to create a business, selling products for personal care, weight management, fashion accessories, nutrition, products for the home and even energy. This is an entrepreneurial model because their individual representatives, with a small investment, build a business and earn money through commission on those sales. The items they are selling are consumer goods and staples. This is a major departure from the genesis of QNet which, under the name “GoldQuest,” was in selling gold collectable coins. From gold coins to selling consumer staples, their business model has gained very solid footing, becoming provider of what people need and also what they want.

In business now for 17 years, QNet is constantly expanding and increasing sales. QNet, with over 4.5 million independent representatives, QNet accounts of a good percentage of the sales QI Group is claiming as it dances with the sales in the $1 billion range. They have gotten here by understanding the fundamentals of a marketplace: it is composed of buyers and sellers. QNet connects both of these fundamental constituents in a clever way. Rather than try to sell QNet products and services directly without local representation, QNet hires individual representatives in an attempt to take a stake in the development of the region and thereby investing in the people and their country. QI Group then, in turn, uses the profits from their ventures in very altruistic ways.

The funds earned through QI Group are consistently put to good use through the “RYTHM” Foundation. This acronym stands for “raise yourself to help mankind.” The Malaysian chapter, Vijayaratnam Foundation, has a school that specializes in teaching children with learning disabilities. Through the “Better Nepal Foundation,” they provide educational programs for women and orphans. This just names a few of the ways in which QI Group benefits the communities where they do business. They bring both commerce and solutions to areas of the world where both are, some might say, desperately needed. Only good can come of this type of manifestation of capitalistic and compassionate forces.

For more check them out on IndianExpress and TimesOfIndia.