The Stow Company Inc, which is one of the largest when it comes to the supply of custom home storage and organizational products sector, has gotten a new CEO. The new man at the helm, Phil Dolci who is 48, was hired to take over the Holland based manufacturer. The hire was made by the president and founder of the parent corporation to the company, Dick Devos.
Dick and Betsy Devos are famous not only as a result of their success in the world of business but also because of their philanthropy. They are also very vocal when voicing their political opinions on all matters from the rights of workers to matters affecting the educational sector. Dolci’s predecessor, Newman is retiring at the age f 67. He will however proceed to serve the company in his position in the board of advisors.
The new appointee has more than two decades of experience in the manufacture and marketing of products for consumers. Before his appointment here, he was serving as CEO to Crossman, one of the leading creators and supplier of accessories for shooting sports.
The president of the parent company expressed a lot of confidence I the appointee stating that he would bring in a lot of experience and knowledge to increase the growth of The Stow Company as a market leader in home organization. Dolci has an impressive resume, which includes an MBA from the Kellogg School of management of the North Western University. He graduated with honors from the University of Chicago, with Bachelor’s degree in economics. He has held leadership positions at various companies including the U.S. Playing Cards and Sanford.
The Stow Company was established in 1984. It is housed in Holland, Indianapolis and is privately owned. The company employs a total of 28 people and has its products distributed under four different brands namely; Easy closets Do-it-yourself, home custom solutions, Distinctive wine cellars and Easy track modular storage systems.
About Dick Devos
Dick DeVos, who was born in 1955, is an entrepreneur and business developer from Michigan. He is the son of the co-founder of Amway and served as the CEO of the company between 1993 and 2002. Devos even ran for public office in 2006, but lost the gubernatorial race to the incumbent. He was named by Forbes magazine as one of the top 100 richest men in the US, taking up the 67th position. He has an estimated net worth of $6.7 billion