Amway Ropes in Milind Pant as Its First CEO
Significantly, this is a new position for Amway, a business that has been family run since its beginning in 1959. So Pant will be the first CEO of the company.
Amway, the Michigan (Ada)-based $8.6 billion direct selling company has roped in Milind Pant as its new Chief Executive Officer. Pant’s last assignment was with Yum! Brands as the president of Pizza Hut International. Significantly, this is a new position for Amway, a business that has been family run since its beginning in 1959. So Pant will be the first CEO of the company.
Amway chairman Steve Van Andel said that Milind brings with him a wealth of experience and enthusiasm to help lead Amway to even greater heights. His leadership and strong track record of driving growth and transformational change will go far in advancing Amway’s focus on empowering entrepreneurs and meeting customer needs with exclusive and innovative products. During his stint with Pizza Hut, he led the international division through growth across Asia, India, and Europe while overseeing more than 9,000 Pizza Hut stores outside the US and the advancement and the advancement of e-commerce and digital strategies. Prior to joining Yum! Brands, he had spent 14 years with Unilever in a variety of executive roles, including Vice President of Foods for Africa, the Middle East, and Turkey. Milind and his wife Amrita live in Dallas.
Amway has so far been co-led by Van Andel who has served as Amway Chairman since 1995 and Doug DeVos who has served as Amway’s President since 2002. Both will now move to Amway’s Board of Directors where they will serve as co-chairs. Amway, a business started by Jay Van Andel and Rich DeVos, will continue to be family-owned and family-led. Milind will now take care of the overall management and leadership of the business.
Amway President Doug DeVos said that the Van Andel and DeVos families remain committed to building on their fathers’ legacy of bringing to all people an opportunity to have a business of their own. Given Amway’s strong foundation and leadership in the industry, the company has never been more confident in the business’ future and it is excited to welcome Milind to the Amway family, he said.