Amway's co-CEO is retiring
Steve Van Andel, the co-chief executive officer of Amway, is retiring at the end of 2018.
Van Andel will continue as chairman of the board while stepping away from day-to-day duties.
Amway President Doug DeVos, who shares the co-CEO title with Van Andel, will continue in those dual roles.
Steve Van Andel said in a statement he’s announcing his retirement now to allow for a seamless transition when his retirement becomes effective on Dec. 31, 2018.
“In the past few years, I have been blessed with a family, and I am looking forward to spending more time with my wife and two kids,” Van Andel said. “Though I will be stepping back from the day-to-day operations of the company, I will remain dedicated to the Amway business and will continue on as both board member and chairman. I firmly believe in the future of Amway and in all of the people that make this business great.”
Van Andel has served as Amway’s co-CEO and chairman since 1995 and is the eldest son of Amway’s co-founder, the late Jay Van Andel.
Previously, Steve Van Andel was VP of Amway's business operations in North America and South America and also served as VP of marketing.
Currently, Van Andel serves as chairman of the executive committee of the U.S. Chamber of Commerce and has twice served as chairman of the U.S. Chamber.
He earned his bachelor’s degree in economics and business administration from Hillsdale College, where he serves on the school’s board of trustees, and an M.B.A. in marketing from Miami University in Ohio.