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In Brief: Amway Corp.

This article was originally published in The Rose Sheet

Executive Summary

Amway Corp.: Steve Van Andel, eldest son of Amway co-founder Jay Van Andel, will succeed his father as chairman, effective Sept. 1. The elder Van Andel will assume the title of senior chairman and will continue as a member of Amway's policy board and as an advisor to management. In addition to his new position, Steve Van Andel will retain his current roles as chairman of Amway Asia Pacific and vice chairman of Amway Japan. The firm also announced that Thomas Eggleston will step down as chief operating officer but will continue as CEO of Amway Asia Pacific. No replacement has been named...
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