BNET Industries

Amway Corp.

is in the Retail Industry

Last Fiscal Year Sales:$4.5B

Private
US

Dow Jones Description

Amway is a global leader in direct selling, with over three million Independent Business Owners (IBOs) in over 80 countries and territories around the world. No other direct selling company can compare with our longevity, stability, and global reach. For more than 45 years, Amway Corporation has enabled people to have a business of their own. Originally known for direct selling of our household cleaning products, such as SA8 Laundry Detergent and L.O.C. Liquid Organic Concentrate, our business opportunity is now supported by an excellent portfolio of hundreds of high-quality products and brands that can only be purchased through our IBOs.

President

Doug DeVos

Number of Employees 5,000

Contact Information

7575 Fulton St E

Ada, Michigan 49355-0001

(616) 787-7565

Peer Companies

NAICS Code Pharmacies and Drug Stores: 446110

Recent Events

Amway Corp. heirs David, Stephen Van Andel making bid for Macatawa Bank Corp.

11/17/09 - Merger / Acquisition - View Story
Interleukin Genetics Reports Third Quarter 2009 Financial Results

11/14/09 - Joint Venture / Alliance - View Story
Report: Direct-marketing giant Amway to move West Michigan jobs to Costa Rica

10/16/09 - Financial Announcement - View Story
Distributed computing veteran ScaleOut preps for cloud computing

9/23/09 - Licensing / Contract - View Story
Amway plans to buy stake in nutrition products maker Metagenics

8/11/09 - Merger / Acquisition - View Story
Amway wants India to be among top five global markets

7/20/09 - Financial Announcement - View Story

News & Analysis

amway corp. - All News and Analysis

2009 Ad

- 2009-02-12

Fulton Innovation's Near-Field Inductive Coupling Technology Leads Wireless Power Industry Conversation, Features Prominently in Global Wireless Power Standard ADA, Mich., Feb. 12 /PRNewswire/ -- Fulton Innovation Fulton and the development of the wireless power industry were two of the hottest topics of conversation at this year's Consumer Electronics...

Tags: Amway Corp.
VistaPrint Announces Strategic Partnership With Amway

- 2008-11-06

VistaPrint Limited (NASDAQ: VPRT), the small business marketing company, today announced a strategic partnership with Amway Corp. As part of the agreement, Amway will offer VistaPrint's high-quality marketing materials that are specific to Amway brands to its independent European sales representatives. These include business cards , postcards and promotional...

Tags: Amway Corp.
MonaVie sued for $2.75B

- 2008-05-16

MonaVie Inc., a multilevel marketing company based in South Jordan that sells juices with purported nutritional benefits, has been sued by a California company for $2.75 billion. The federal lawsuit by San Diego-based Imagenetix Inc. accuses MonaVie of trademark infringement, false advertising and unfair competition. The lawsuit names...

Tags: Amway Corp., Imagenetix Inc.
Amway Turns to Nimsoft to Support Pan-European E-Business Portal Deployment

- 2008-04-29

Nimsoft, the "Big 4" alternative for IT performance and availability monitoring solutions, announced today that Amway has successfully deployed its NimBUS platform to support the next phase of a new pan-European e-business portal. Designed to support more than 500,000 direct sales consultants, the portal, known as www.amway.de , will...

Tags: Amway Corp., Nimsoft
MonaVie Files to Dismiss Quixtar Lawsuit

- 2008-04-16

SALT LAKE CITY -- MonaVie LLC (www.monavie.com), creator of the leading nutritional acai blend beverage, yesterday filed to dismiss a lawsuit brought last month by Quixtar North America, a sister company to Amway Corporation. In the court filing, MonaVie claims that the Quixtar suit is without merit. "Out of...

Tags: Amway Corp.

HERBALIFE INVITED BECKHAM TO PROMOTE DIRECT SALES

- 2008-03-12

AsiaInfo Services 03-12-2008 Herbalife Invited Beckham to Promote Direct Sales GUANGZHOU, Aug 03, 2008 SinoCast via COMTEX -- Following Avon and Amway, Herbalife embroidered its trademark on the jersey of David Beckham, a famous football star. Herbalife China Health Products Ltd. reveals they are...

Tags: Amway Corp., Herbalife Ltd.
Sixers Notes: Van Gundy hoped for a Miller move

- 2008-02-23

76ers Notes ORLANDO, Fla. - In the weeks leading up to Thursday's trade deadline, 76ers president and general manager Ed Stefanski insisted that the Sixers did not want to part with Andre Miller . Even though Miller was a valued commodity and the Sixers received plenty of inquiries about him,...

Tags: Amway Corp.
Defensive stocks to the rescue

- 2008-02-16

IS THE BLOOD OUT ON THE streets? The recent volatile equity investing environment worldwide has definitely shaken the confidence of investors, and despite what most analysts believe as to the country being on solid economic footing still, the Malaysian equity market is, nonetheless, not likely to be spared the carnage...

Tags: Aeon Co., Amway Corp., IOI Corp., Nestle S.A.
Warning! Amway Warns of Bogus Internet Charity Scam.

- 2008-02-07

ADA, Michigan, February 6 /PRNewswire/ -- Amway Corporation (Quixtar in the U.S. and Canada) has discovered an internet scam that uses a bogus Amway charity as a lure. Amway cautions individuals to be on the lookout for e-mails from a group calling itself...

Tags: Amway Corp.
AMWAY (CHINA) TO DOUBLE PERFORMANCE IN 2012

- 2007-12-17

AsiaInfo Services 12-17-2007 Amway China to Double Performance in 2012 BEIJING, Dec 17, 2007 SinoCast via COMTEX -- US-based direct seller Amway China Co., Ltd. is expected to have a shining performance in the full year 2007, said the chairwoman Mrs....

Tags: Amway Corp.

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Decision Makers

Name (plus bio)	Position
Doug DeVos	President
Lynn Lyall	CFO
Steve Van Andel	Chief Executive, Amway and Alticor
Eva Cheng	Executive Vice President
Jim Payne	Executive Vice President
Dan DeVos	Vice President of Corporate Affairs
David Ussery	Vice President and Managing Director
Richard Holwill	Vice President, Govt Affairs
Robin Horderkoop	Vice President, Hr
Beth Dornan	Director, Marketing Services
Carl Rehnborg
Lorraine K. Climer	Disability Specialist
Paul Walters

Organization	Position	Status
Amway Corporation	President	Current
Gospel Communications International	Co-Chairman	Current
Alticor Inc.	Board of Directors	Current
Gerald R. Ford Foundation	Board of Directors	Current
Keystone Community Church	Board of Directors	Current
Right Place, Inc	Board of Directors	Current
Alticor Inc.	President & Co-CEO	Former
Amway Corporation	Senior Vice President	Former
Amway Corporation	Managing Director	Former

Organization	Position	Status
Amway Corporation	CFO	Current
Alticor Inc.	CFO	Former

Organization	Position	Status
Amway Corporation	Chief Executive, Amway and Alticor	Current
US-China Business Council	Active Member	Current
Van Andel Institute		Current
Amway Corporation	Chairman	Current
LaSalle Bank Midwest N.A.	Board Member	Current
Gerald R. Ford Foundation	Board Member	Current
Metropolitan Hospital	Vice Chairman	Current
LaSalle Bank Corporation	Board Member	Current
Alticor Inc.	Board of Directors	Current
US-China Business Council	Board Member	Current
Alticor Inc.	Chairman & Co-CEO	Former
U.S. Chamber of Commerce	Chairman	Former
Amway Corporation	Board of Directors	Former
Miami University	MBA In Marketing	Former
Hillsdale College	Bachelor of Economics Degree	Former

Organization	Position	Status
Alticor Inc.	Executive Vice President	Current
Amway Corporation	Executive Vice President	Current
University of Hong Kong	MBA	Former
University of Hong Kong	Bachelors Degree	Former

Organization	Position	Status
Amway Corporation	Executive Vice President	Current
Alticor Inc.	Executive Vice President	Current
Quixtar, Inc.	Senior Vice President	Current
Alticor Inc.	Director	Current
Amway Corporation	President	Former
Amway Japan Limited	President	Former
Amway Corporation	Senior Vice President	Former
Amway Corporation	General Manager	Former
Quixtar, Inc.	Managing Director	Former
Alticor Inc.	Managing Director	Former
Amway Corporation	Managing Director	Former
Amway Corporation	Representative Director	Former
Amway Japan Limited	Representative Director	Former
Amway Corporation	Regional Manager	Former
Amway Japan Limited	Representative	Former
Amway Japan Limited	Director	Former
Aquinas College	Bachelor of Science Degree In Business Administration	Former

Organization	Position	Status
Grand Rapids Griffins	CEO	Current
Grand Rapids Rampage	CEO	Current
DP Fox Ventures, LLC	CEO	Current
DP Fox Ventures, LLC	President	Former
Georgian International Limited	Co-Founder	Current
Grand Rapids Griffins	Chairman	Current
Grand Rapids Rampage	Chairman	Current
DP Fox Ventures, LLC	Chairman	Current
The Economic Club of Grand Rapids	Chairman	Current
Georgian International Limited	Board of Directors	Current
Orlando Magic	Board of Directors	Current
National Basketball Association	Board of Directors	Current
Family Outreach Center, Inc	Board Member	Current
Aeromed	Board Member	Current
Alticor Inc.	Board of Directors	Current
Grand Rapids Griffins	President	Former
Grand Rapids Rampage	President	Former
Georgian International Limited	President	Former
Grand Rapids Rampage	Rampage Owner	Former
Amway Corporation	Principal	Former
Grand Rapids Rampage	Director	Former
Grand Rapids Griffins	Director	Former
Northwood University	Board of Directors	Former
Northwood University	Bachelor's Degree	Former
Amway Corporation	Member	Former

David D. Ussery serves as vice president and managing director of Amway markets in Japan and Korea. When he was named to lead both markets in April 2005, Ussery was more than prepared: he ran Amway Japan Limited (AJL) from 2002 until 2005, and Amway Korea Limited (AKL) from 1992-95 and 2000-02. Together, AJL and AKL recorded sales of more than $1.7 billion in fiscal 2004. He was also the president and general manager of Amway Philippines from 1995 to 2000, successfully establishing Amway in the Philippines and adapting the Amway business to the Filipino culture. Prior to joining Amway in 1992, Ussery was a 30-year veteran of Avon Products Inc., most recently as the Chairman of the Board of Avon Japan. With Avon, he held many key management positions in Atlanta, New York City and Tokyo. Ussery graduated from Georgia State University while working full time at Avon in Atlanta.

Organization	Position	Status
Amway Corporation	Vice President and Managing Director	Current
Nu Skin Enterprises, Inc.	Board of Directors	Current
Bodymedia, Inc.	Board of Directors	Current
Amway Corporation	President	Former
Amway Corporation	General Manager	Former
Amway Corporation	Representative Director	Former
Avon Products, Inc.	30-Year Veteran	Former
Georgia State University	Bachelor's Degree In Management	Former
Amway Japan Limited		Former

Organization	Position	Status
Amway Corporation	Vice President, Govt Affairs	Current

Organization	Position	Status
Amway Corporation	Vice President, Hr	Current
Alticor Inc.	Vice President, HR	Current

Organization	Position	Status
Amway Corporation	Director, Marketing Services	Current

Organization	Position	Status
Amway Corporation		Current

Lorraine joined the MSIA Board of Managers in 2008. She joined Amway in 2002 and brought with her 18 years of Leadership experience in the Health Insurance industry, where she had a calling for merging, developing, and sustaining, Claims management, Customer Contact Centers and Quality programs for more than 130,000 subscriber households. In her role as a Disability Specialist at Amway she is responsible for management and administration of national benefits including, internal policies, federal and state regulations related to all paid and unpaid time off, including workers' compensation, short & long-term disability, Family & Medical leave act, unemployment compensation, ADA and various corporate sponsored time off programs. Lorraine earned her Bachelor of Science in Human Resources from Spring Arbor College. She received her certifications in Workers Compensation and Human Resource Specialist from Michigan State University School of Labor & Industrial Relations. She plans on continuing her education in HR, Benefits, and WC through conferences in these related fields. Lorraine also serves on the Board of Directors for the West Michigan Certified Workers Compensation Alumni.

Organization	Position	Status
Amway Corporation	Disability Specialist	Current
The Michigan Self-Insurers	Board of Directors	Current

Paul was born in Grand Rapids and lived most of his life here where he met and married Neng (recently retired from Amway after 30 years of service in 2007). Paul also works at Amway for more than 25 years now, but he is not ready to retire yet. They have two grownup children, Paul Jr., and Alan.