The Stow Company is one of the biggest companies in the organizational products sector and custom home storage. The newly appointed CEO, Phil Dolci, 48, is succeeding Frank Newman, 67, who is retiring. Devos said that Phil brings the experience and knowledge required to drive The Stow Company forward. Phil has been a leader for over 23 years in consumer products manufacturing and marketing. He recently served as the CEO for a leading global designer, manufacturer and supplier of products, Crossman Corporation, based in Cincinnati.
Dolci’s has held leadership positions at the U.S. Playing Cards, a subsidiary of Jarden Corporation; Sanford, ConAgra Foods, Dean Foods and Kraft Foods. Dolci has a bachelor’s degree in economics from the University of Chicago and an MBA from Kellogg School of Management.
The Stow Company was founded in 1984 having manufacturing facilities at Windquest Drive in Holland and Indianapolis. The company has employed around 280 people. The products are sold under the following categories, ORG Home custom solutions, EasyClosets, do-it-yourself, Easy Track modular storage systems and Distinctive Wine Cellars. The Stow Company is part of the Windquest Group owned by Amway Scion and his wife, Betsy DeVos.
Dick Devos is an entrepreneur-businessman from Michigan. He was born in October 21, 1955 to his father Amway co-founder Richard DeVos. He has served as the CEO of the consumer goods distribution company from 1993-2002. Forbes magazine listed him as the 67th richest person in the United States with an estimated net worth of approximately $5.1 billion.
DeVos started working with Amway Corporation in 1974. He held leadership positions in different divisions including research and development, manufacturing, marketing, sales and finance. In 1984, was made responsible for the company’s operations in 18 countries. Under his leadership, the company established new markets and tripled international sales and for the first time in history exceeded domestic sales.
DeVos family acquired, the National Basketball Association’s Orlando Magic in 1991. He became president of the team. DeVos was noted to be a result oriented and requiring detailed management individual other than a controlling person by the Orlando Sentinel’s Larry Guest.
After two years at the Orlando Magic, Dick DeVos joined Amway as its President. He succeeded his father Rich DeVos and expanded the firm to more than 50 countries and to six continents. In 2000, DeVos oversaw a corporate restructuring where Alticor was born and other subsidiary companies. This downsizing brought more profits and eradicated possible loss of the company.