Alticor Names Michael Cazer as Chief Financial Officer

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Thursday, December 15, 2011

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ADA, Michigan, Dec. 15, 2011 /PRNewswire/ -- Alticor, the parent company of direct-selling giant Amway, has appointed Michael Cazer executive vice president and chief financial officer (CFO.) As CFO, Cazer is a member of the company's senior executive staff, reporting to Chairman Steve Van Andel and President Doug DeVos.

Cazer joins the company with more than 20 years of global financial leadership experience, including CFO positions at General Electric (GE) and Brink's Co. Cazer previously was president of Brink's $1.1 billion European business, the largest geographic region in the company's portfolio. He also served as CFO and led financial operations for the company. At GE, Cazer was CFO of GE Consumer and Industrial Europe and later became CFO of GE Security.

At Alticor, Cazer will lead worldwide financial functions, including treasury, accounting, taxes, financial reporting, forecasting, financial planning, insurance and information technology (IT). He is a magna cum laude graduate of Lehigh University.

"We were impressed with Mike's experience in leading financial transformation," said Van Andel. "He understands the complexities of a global business and has the skills and experience to effectively lead our financial organization."

"Mike is a dynamic leader who brings our company a strong financial management discipline and philosophy built from his time with GE and Brink's," added DeVos. "His talents are a valuable addition to our global leadership team."

About Alticor

Alticor (www.alticor.com) is the parent company of Amway (www.amway.com), Access Business Group LLC (www.accessbusinessgroup.com) and Alticor Corporate Enterprises. Based in Ada, Michigan (United States), the company offers consumer products and business opportunities, as well as product development, manufacturing and logistics services in more than 80 countries and territories worldwide. With more than 14,000 global employees, Alticor reported 2010 sales exceeding $9.2 billion. Alticor is privately held by the Van Andel and DeVos families, headed by Chairman Steve Van Andel and President Doug DeVos, and governed by a board of directors led by members of the two families.

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