Alticor

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Amway's Eva Cheng named one of the World's Most Powerful Women

Wednesday, 03 September 2008 22:04

Eva Cheng, executive vice president responsible for Amway markets in Greater China and Southeast Asia has been named as the World's 88th Most Powerful Women by Forbes Magazine. No. 1 on the list was Angela Merkel, Chancellor of Germany.

According to Forbes, their annual ranking of the most powerful women in the world measures "power" as a composite of public profile - calculated using press mentions - and financial heft. The economic component of the ranking considers job title and past career accomplishments, as well as the amount of money the woman controls. A chief executive "controls" the revenue of her business, for instance, while a head of state gets the country's gross domestic product. The raw numbers are modified to allow comparisons across financial realms.

Eva Cheng's responsibilities encompass mainland China, Taiwan, Macau SAR, Hong Kong SAR as part of Amway Greater China and Thailand, Malaysia, Singapore, Indonesia, Brunei, and the Philippines within Amway Southeast Asia.

Before assuming additional responsibility for the Southeast Asian markets in April 2005, Cheng was best known for driving the growth and development of Amway’s business in Greater China. Amway (China) Company Ltd. (ACCL) has regularly been recognized by business magazines, surveys, and government agencies as one of China’s most admired companies and best employers.

Cheng is a graduate of the University of Hong Kong with a bachelor of arts degree with honors and a master’s of business administration degree. She began her career with Amway in 1977.

Alticor launches MyBestSize.com

Tuesday, 01 July 2008 20:11

Alticor, parent company to Amway, Quixtar, and Nutrilite, the world's best selling nutritional brand, has launched a new website targeting consumers interested in weight loss - mybestsize.com.

Amway Europe Raises More Than 1 Million Euro for UNICEF

Thursday, 05 June 2008 20:02

In 2007, the European affiliates of Amway – one of the leading direct selling companies in the world – its employees and Independent Business Owner raised 1.07 million Euros for needy children in Europe, Kenya and Russia within Amway’s global One by One Campaign. “’Giving people the chance to become independent’ is core to our business”, said Mark Beiderwieden Sr. Vice President and Managing Director Amway Europe. “Sharing with our community and helping children through our One by One campaign, is equally a core part of our company’s activities.” The money was raised through a variety of activities, for example by crafting and selling rag dolls or selling Christmas cards. About two thirds of the donations were collected by the Amway distributors.

Alticor Acquires ReVive

Monday, 02 June 2008 20:42

Gurwitch Products, manufacturers of Laura Mercier cosmetics, has bought RéVive skincare in an attempt to enlarge its product portfolio. The Houston-based company will pay approximately $50m for RéVive, according to press reports.

Alticor Appoints New CFO

Monday, 02 June 2008 16:52

Alticor, parent company to Amway and Quixtar, has appointed Russell Evans Chief Financial Officer and executive vice president. He succeeds Lynn Lyall, Alticor's CFO since 1999, who left to become CFO of X-Rite. Mr. Evans, 50, most recently was CFO and vice president of Boeing Capital. Before joining Boeing in 2004, he spent two decades at General Electric, where his last position was COO of GE Service Management.

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