Stow Company Inc. Hires Phil Dolci as the New CEO

Phil Dolci is the former executive of Dean Foods, Kraft Foods, ConAgra and other notable manufacturers. He will replace the outgoing veteran Frank Newman who retired last month. Stow Company is a Holland-based manufacturer owned by Windquest group. Billionaire family of Dick and Betsy DeVos owns Windquest group. Phil is expected to bring his 23 years of experience to realize an impressive growth in the coming years. Dick DeVos was present in the handover ceremony and thanked Frank for his service. This installation was before he returned to his philanthropic activities.

 

According to NTI, Dick DeVos started his working career at Amway in 1974, at the age of 19. In 1984, he became Vice President in charge of the company’s operations in 18 countries. He left the company in 1989 to start the Windquest Group. Windquest manufactures and markets storage and closet containers. It also has interests in technology and nonprofit solutions.

 

In 1991, the DeVos family bought the basketball team Orlando Magic, and Dick was appointed President. Two years later, he returned to Amway as President. In 2000, Amway went through a restructuring period, which resulted in the formation of an umbrella firm. This firm was called Alticor Corporation and consisted of Amway, Quixtar Corporation, and Access Business Group. Dick DeVos retired from Alticor in 2002, to concentrate on Windquest and other private ventures.

 

The Dick and Betsy DeVos Foundation has many programs. One of them is the ArtPrize, which is an art competition that is held in Grand Rapids annually. The foundation was also behind the establishment of the West Michigan Aviation Academy, a public aviation charter high school. The organization also administers the Dick & Betsy DeVos Scholarship. This scholarship supports students from developing nations who are enrolling for Master programs at the Thunderbird School of Global Management.

 

In a recent interview, Betsy DeVos outlined the couple’s passion for education. She and Dick, having supported the Potter’s House Christian School for many years, noted that low-income families face challenges when choosing schools. Betsy and Dick have since become advocates for educational choice. Educational choice, through a proposed system of vouchers and tax credits, makes it possible for parents to choose where to take their children to school.

 

Dick and Betsy have set a good example for me. They have demonstrated how well-organized charitable activities can benefit many people. I have learned from Dick DeVos that if I give generously of my resources to somebody in need, there is always a reward.

 

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