Steve Van Andel, the co-chief executive officer of direct sales giant Amway Corp., plans to retire at the end of 2018.
The early announcement is intended to give the Ada-based company time to figure out who will take over his role as co-CEO, a position he shares with Doug DeVos. Van Andel plans to remain as chairman of the board while stepping away from day-to-day duties. Doug DeVos serves as company president.
“My goal is to stay engaged,” Van Andel told MLive/The Grand Rapids Press.
“I love the Amway business. I love being part of it. I love what Amway does and what Amway stands for.”
Van Andel has worked for Amway for 45 years and has served as co-chief executive since 1995, when he succeeded his late father, Jay, who co-founded the company with Rich DeVos, father of Doug DeVos.
“Both our dads told us don’t ever forget two heads are better than one and that probably helped out our partnership,” Steve Van Andel said.
He said a decision hasn’t been made if one of his siblings Nan, David or Barb, or even if someone outside the family would take over the co-CEO responsibilities. David Van Andel is founder and CEO of the Van Andel
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Amway Opens $25 Million Manufacturing Plant
by Tina Williams • • 0 Comments
Amway today announced the opening of its new $25 million USD manufacturing plant in Binh Duong, Vietnam. The 55,000-square-meter facility will house select manufacturing operations for Nutrilite™, the world’s No. 1 selling vitamins and dietary supplements brand* offered exclusively from Amway Business Owners.
Part of the company’s ongoing $332 million USD global manufacturing expansion, the Binh Duong plant is one of six new facilities opening in 2015 for Amway. Other facilities are located in the United States (California, Michigan and Washington), India and China.
“Amway Vietnam is a success because of the entrepreneurial spirit and hard work of the people who sell our products and grow their businesses,” said Amway Chairman Steve Van Andel. “The opening of our second factory in Vietnam will help our distributors reach more customers and become even more successful. We’re
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Amway Opens $42 Million California Manufacturing Facility
by Tina Williams • • 0 Comments
Ada-based Amway Corp. has opened its new manufacturing and research and design facility in Buena Park, Calif.
The direct-selling giant has invested approximately $42 million in facilities at the site, which will manufacture the company’s Nutrilite brand of products, according to a statement.
Amway plans to open four additional manufacturing sites across the U.S. as part of its $322 million expansion project that it first announced in 2012.
“These facilities are a key part of the brand’s future and we couldn’t be more excited to continue the legacy of nutrition manufacturing from this site in California,” Chairman Steve Van Andel stated.
The manufacturing expansion included two sites in Michigan, including adding nutrition powder products at Amway’s world headquarters site and converting the Spaulding Avenue warehouse into a manufacturing facility for vitamins, minerals and dietary supplements.
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Forbes Speaks With Amway’s Steve Van Andel
by Tina Williams • • 0 Comments
Dan Schawbel from Forbes: I spoke with Steve Van Andel, the chairman of Amway, who is responsible for managing daily operations of the company with Amway President Doug DeVos.
Van Andel is the eldest son of Amway Co-Founder Jay Van Andel, who, with Rich DeVos, started Amway in 1959 in Ada, Michigan. Since then, Amway has grown into the world’s largest direct selling company. Over the past two decades, Van Andel has led a strategic transformation of the company with a focus on growth through innovation, driving double-digit growth. Prior to being named chairman, Van Andel served as vice president with responsibility for Amway’s business operations in North and South America. He also served as vice president of marketing.
Recently, Amway acquired the XS Energy Brand, an energy drink brand that has exhibited positive momentum with the next-generation