Born October 21, 1955, Richard Marvin “Dick” DeVos Jr. has a wide variety of executive experience. As the son of Amway co-founder Richard DeVos he was groomed for business leadership. Beginning in 1974 he rotated between positions in the company’s finance, sales, marketing, research and development, and manufacturing departments. These opportunities taught him the business well, as his tenure in the VP position at Amway International from 1984 to 1991 shows. During this time DeVos increased oversea sales as a percent of annual sales from 5 to over 50 percent. This was the first time for the corporation that international sales had exceeded those of its domestic operations.
In 1991 the larger DeVos family acquired the National Basketball Association’s Orlando Magic franchise. At that time Dick was granted the positions of President and CEO in the basketball franchise. After a two-year period of oversight DeVos took his leave from the sports team and returned to Amway, replacing his father as President. DeVos served in this position from 1993 through 2002. During this time, he sourced and oversaw a strategic corporate restructure. This decision took 20 months to implement, returned the company to profitability, and prevented the then impending dissolution of the firm. Additionally, this act created the present parent company Alticor, which owns Amway alongside numerous other subsidiaries.
After navigating the company’s structural makeover in 2002, DeVos left Alticor to work as President for The Windquest Group. Not, however, before leading the former to achieve sales of $4.5 billion in the final fiscal year for which he held oversight. The Windquest Group, the Michigan-based private investment management group DeVos joined, identifies opportunities in the hospitality, clean technology, manufacturing, and general technology sectors. DeVos cites his optimism for sustainable energy–given it proves economical for investors–as the reason for dedicating this time to sponsoring such ventures.