Magazine article New Zealand Management

Intouch : Global Leader Makes Flying Visit

Magazine article New Zealand Management

Intouch : Global Leader Makes Flying Visit

Article excerpt

As the world reels from a global economic crisis resulting from questionable businesses decisions and structures, at least one international company is going from strength to strength Co based on strong ethics and a C[pounds sterling]family firstC[yen] focus.

Amway, one of the worldCOs largest direct-selling companies, is celebrating its 50th anniversary, and president, Doug DeVos made a whistle-stop visit to New Zealand last month as part of the companyCOs celebration of the milestone.

Amway has come a long way from its humble beginnings. Established in 1959 in Michigan by lifelong friends and business partners Rich DeVos and Jay Van Andel, the companyCOs first year sales, equivalent to $831,400, were based on a single household cleaner. Still privately owned today, Amway is run by the foundersCO sons. Doug DeVos, youngest son of Rich DeVos, has been Amway president since 2002, while Steve Van Andel, the oldest son of Jay Van Andel, succeeded his father as chairman in 1995.

Today, Amway is present in some 80 countries and territories and sells more than 450 products primarily focused on health, wellness and beauty as well as home care. In 2007 its global sales topped US$7.1 billion and the company predicts another US$1 billion increase this year. …

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