A new CEO to head The Stow Company has been named by Dick Devos. Phil Dolci, 48, has Succeeded Frank Newman, 67, who is taking a well –earned retirement, though he will continue to serve on the Board of Advisers. Dolci brings along vast experience that spans over 23 years in consumer product manufacturing and marketing. Most recently, he served as the CEO and president of Crosman Corporation, a company that specializes in manufacturing, designing, and supplying products for shooting sports.
The Stow Company was founded in 1984 in Holland, with its manufacturing facility in Holland, Indianapolis, and Mich. The company has emerged as the leading provider of storage and organization system in all areas pertaining to homes. The Stow innovative products are tailored to meets customer need through various distribution channels.
According to Dick Devos, Phil brings the kind of experience and knowledge that will continue to drive presence and growth of The Stow Company in home organization markets. He also expressed his gratitude to outgoing CEO Frank, saying that he had provided exemplary leadership over the last four years. Dolci background includes being the CEO and the presidents of U.S playing cards, a subsidiary of Jarden Corporation. Before joining Jarden Corporation, he held other senior executive positions at Sanford, a division of Newell Rubbermaid, ConAgra Foods, Dean Foods, and Kraft Foods. Phil Dolci holds a bachelor degree in economics from The University of Chicago, and Masters in Business Administration from Kellogg School of Management at Northwestern University.
Dick is well renowned for his business activities as well as creative and philanthropic interest. He is the son of Dick Devos, the co-founder of Amway Corporation. Dick started his career in Amway in 1974 and held various offices before moving to the vice- president position in 1884. In this capacity, he was responsible for overseeing sales in more than fifty countries. From 1993 to 2006, Dick served as the CEO of the company. Currently, he is the president of WindQuest Group.
Apart from a successful career, Dick Devos established Dick and Betsy Devos Foundation, which has donated thousands of dollars to civic, educational, community, religious, and free markets organizations since the 1990s. According to Dick and his wife Betsy, in response to financial blessing they have received, they founded the Foundation as a vehicle for their giving back to society. Moreover, it is in response to model taught to them by their parents as they seek to be faithful stewards.