Dick DeVos is a well-known entrepreneur and businessman from Michigan and a son of one of the Amway Corporation co-founders. I set out to check his work history and resume from his early days of his career up until now where he runs his own firm. DeVos is an alumnus of the Northwood University where he graduated with a bachelor’s degree in Business Administration. He is also an attendee of the Harvard Business School as well as the Wharton School’s Executive Study Programs, though he did not graduate. In 1974, Dick DeVos began working with Amway Corporation. At the corporation, DeVos held a series of positions in various departments such as marketing and sales, finance, development, and manufacturing. He became one of the executive vice presidents of the firm in 1984. As one of the vice presidents, Dick DeVos was charged with the responsibility of managing the corporation’s interests in over 18 nations.
During DeVos’ stretch, he facilitated the opening of various new markets for the company and subsequently increased the sales levels to a point where, for the first time, they surpassed the domestic sales. I noted that when he assumed the vice presidency of foreign operation in 1986, the company had only 5 percent foreign sales of the total sales. Six years later, the time he left the position, the foreign sales had increased to around 50 percent of the overall annual sales. The DeVos family, in 1991, made a significant acquisition of the NBA’s Orlando Magic basketball franchise where he went on to becoming its Chief Executive Officer and President. He held the position for three consecutive years and was responsible for significant success.
Dick DeVos would later leave the Orlando Magic in January 1993 and rejoin Amway Corporation as its President. He was his father’s successor who was among the co-founders of the firm. During his tenure in the presidency, Dick DeVos expanded the firm’s operations to more than 50 countries on six continents. In 2000, Dick DeVos oversaw one of the significant restructurings, which led to the creation of Amway’s new parent company, Alticor, as well as some subsidiaries. Through buyouts and early retirements, the company downsized its workforce to enable it to return to profitability. Dick DeVos later retired from Alticor in August 2002, which reported sales worth $4.5 billion. Moving on, Dick DeVos went to become the President of Windquest Group. Dick DeVos has also been a member of the State Board of Education where he was actively involved in a series of community initiatives.