Dick DeVos recently announced he was appointing Phil Dolci as Chief Executive Officer of the Stow Company, one of the private companies controlled by his holding company the Windquest Group. The Stow Company is a large firm in the custom home storage sector. It’s based in Holland. The prior CEO, Frank Newman, is retiring, but will continue to serve the company on advisory boards.
Although just 48 years old, Dolci has many years of experience in the marketing and manufacturing of consumer products. Dolci comes from the Crosman Corporation, where he also served as CEO. Crosman is a leader in the global shooting sports industry. He also worked for U.S. Playing Cards, Kraft Foods, Sanford, ConAgra Foods and Dean Foods. He graduated from the University of Chicago with a degree in economics, and earned his MBA from the Kellog School of Management at Northwestern University.
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The Stow Company was founded in 1984. It has two manufacturing plants, one in Holland and one in Indianapolis. Combined, they employ 280 people. Its sells products under four separate brands: ORG Home, Easy Closets, Easy Track and Distinctive Wine Cellars. DeVos said Dolci would bring the kind of knowledge and experience that would drive the Stow Company to grow in the home organization market in the coming years.
DeVos formed the Windquest Group after leaving Amway as CEO. It owns a portfolio of private companies. Besides the Stow Company, Windquest owns Boxwater, Neurocore and The Reserve, a restaurant in downtown Grand Rapids Michigan. The Stow Company is one of the largest companies within the Windquest Group.
Dick DeVos became first known as the son of Richard DeVos, co-founder of the network marketing company Amway. Not counting how he helped ship off packages of products from their basement while he was still a child, he went to work for Amway out of college. He worked his way up, taking over the international section and within just a few years growing it so large its profits almost equalled those the company made in the United States. Eventually he took over as President and CEO from his father. He spent three years as President of the Orlando Magic. DeVos and his wife Betsy are well-known in Michigan.
They are active and generous contributors to various charitable and conservative political causes. DeVos is also a prolific author of books on success in business, including Believe! about Amway and his values.