Direct sales giant Amway has tapped an executive from Pizza Hut to serve as its next CEO.
Milind Pant, who lives in Dallas, Texas, and most recently served as president of Pizza Hut International, takes over the position on Jan. 2.
In a news release, Amway said the position is a first for the company. Previously, Steve Van Andel and Doug DeVos served as co-CEOs. Both men will now serve as co-chairs of the company’s board of directors.
Pant will oversee “overall management and leadership” of the business, which was started in 1959 by Jay Van Andel and Rich DeVos.
Amway, the world’s largest direct selling company, today announced Milind Pant as its Chief Executive Officer. Mr. Pant joins Amway from Yum! Brands where he was recently president of Pizza Hut International. Mr. Pant will report directly to and hold a seat on Amway’s Board of Directors effective January 2, 2019. This is a new position for Amway, a business that has been family run since its beginning in 1959.
“Milind brings a wealth of experience and enthusiasm to help lead Amway to even greater heights,”
Amway Chairman Steve Van Andel said.
“We’re confident 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.”
Milind comes to Amway from Yum! Brands where he most recently served as President of Pizza Hut International, leading the international division through growth across Asia, India, and Europe while overseeing more than 9,000 Pizza Hut stores outside the U.S. and the advancement of e-commerce and digital strategies. Prior to joining Yum! Brands, he 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 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 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. The overall management and leadership of the business will be assumed by Milind.
“The Van Andel and DeVos families remain committed to building on our fathers’ legacy of bringing to all people an opportunity to have a business of their own,”
Amway President Doug DeVos said.
“Given Amway’s strong foundation and leadership in the industry, we’ve never been more confident in the business’ future and we’re excited to welcome Milind to the Amway family.”
Amway is a family-owned, $8.6 billion direct selling company based in Ada, Michigan, USA that is committed to helping people live healthier, more empowered lives. Top-selling brands for Amway are Nutrilite™ vitamin, mineral and dietary supplements, Artistry™ skincare and color cosmetics, eSpring™ water treatment systems and XS™ energy drinks – all sold exclusively by Amway Business Owners.
Global sales in 2017 made Amway the No. 1 direct selling business in the world, according to the 2018 Direct Selling News Global 100. The company’s annual sales figure includes revenue from direct selling operations and other business holdings.
Get more information, facts and figures about Amway, click here for the Amway overview.