Dick Devos Career Life and Philanthropy

Dick Devos is an American based entrepreneur and philanthropist. He is the son of Richard Devos, the co-founder of Amway. Dick Devos business career involved the management of different companies at different levels. He was an executive at Amway, Orlando Magic, and the Windquest Group where he currently holds the position of president. As the CEO of the consumer goods distribution company, Dick responsibility involved taking charge of the company’s operation both at the local and international level. Amway has its presence in over 50 countries on six continents. In the final year before he left the company, Amway made $4.5 billion in sales. Before Dick’s presidency, he served as an executive V.P and managed the company’s operations in 18 countries. During his tenure as the vice president, the company’s international sales tripled surpassing the domestic sales for the first time. In 1991, Devos family acquired Orlando Magic. Dick became the chief executive of the basketball team. He served in that position for three years.

 

Philanthropy

 

The Devos family is widely involved in philanthropic activities. Dick Devos is no exceptional. He contributes to charity at different levels. Devos is a leader in a variety of community activities. Additionally, he is an active participant in community development programs. Dick pioneered the start of Education Freedom Fund. Through this program over 4000 children have benefited from scholarship opportunities. Dick Devos is the founder of West Michigan Aviation Academy, a school for children with interest in aviation. The school is a tuition-free public school for students aspiring to join the aviation industry.

 

According to dickdevos.com, Dick served on the State Board of Education. He has co-chaired in healthcare and revitalization community programs. The programs include the revitalization of a $212 convention center, the Downtown Market in Michigan, and $75 million downtown area. Some of the community health programs in which Dick managed include the construction of a $139 million heart hospital and a $90 million medical school. Together with his wife Betsy Devos, they founded the Dick and Betsy Devos Family Foundation. Through the organization, they make donations towards education, arts, justice, the community, and leadership.

 

Personal Life

 

Dick Devos is the spouse to Betsy Devos, the current Secretary for Education in the States. Together, they have four children. Ryan, Andrea, Richard, and Elisabeth. They are grandparents of five children. In a recent interview with the Philanthropy Roundtable, Betsy said that their input towards education reforms was as a result of the sacrifice parents undergo to have their children study in the best schools. She is an advocate for School Choice Program.

 

Visit http://www.dbdvfoundation.org/about to learn more.

Talos Energy Launches Offshore Oil Exploration in Mexico

Talos energy is a private oil and gas exploration and drilling company based in the Gulf Coast of Mexico. They are involved in acquiring of assets, asset optimization, exploration, and exploitation. They have over 33,000 square miles square miles of 3D seismic data covering all the acreage in their portfolio. The technical team has processed the data to allow optimization of drilling inventory and evaluate joint venture opportunities. Such as joint venture opportunity is the pact made with and Mexico’s Sierra Oil and Gas.

Talos energy operates in different areas with vast time spent on Gulf of Mexico and Lower Gulf Coasts of Louisiana region. There has been the development of drilling technique, geophysical technology, and well control. This has led to a significant increase in exploration, development, and drilling in the said areas.

With their extensive technical experience and the developments in technology, they can excel in oil and gas industry. They maintain an independent spirit and entrepreneurship to succeed. The foundations and fundamentals of handwork have given them a competitive edge in the industry.

For almost a century, it is the first time that a private company has sunk an offshore oil well in the Mexican waters. This was after Mexico decided to allow competitors into the energy market. This exploration will be keenly watched considering that it is the first exploration since Mexico opened its waters as part of the energy reforms. The structure is said to have high geological chances of success. Talos energy which has 35% stake in the oil operator. Sierra holds 40% and Premier holds25%.

The government has since adopted to liberalize the energy market after it was nationalized in 1938.This is expected to see the Mexico ailing energy sector see the light. Different companies such as Talos energy will provide the much-needed expertise and capital to the oil and gas exploration in the

Mexico offshore wells. For now, the activities are looking optimistic with the reports choosing high chances of success. Other companies such as Sierra and Premier are making joint ventures to share resources and increase the speed of exploration and drilling.