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Frank VanderSloot to receive Horatio Alger Award

frank-vanderslootIdaho businessman Frank Vandersloot has won an award previously given to former President Ronald Reagan, former hockey star Wayne Gretzky and country music icon Johnny Cash.

The Post Register reports that Vandersloot is one of 12 to receive a Horatio Alger Award. Furthermore, the Melaleuca chief executive officer is just the fourth Idahoan ever selected for the award.

The Horatio Alger Association gives the award to successful individuals who come from humble backgrounds and later used their success to do good, particularly with higher education. The association gives scholarships to students with impoverished backgrounds.

Vandersloot grew up on a farm in northern Idaho. He worked to put himself through college at Brigham Young University and now heads a business with a reported $1.2 billion in annual revenue.

VanderSloot created the concept of consumer direct marketing. In 1985, he founded Melaleuca. The company has been listed on the Inc. 500 list of fastest growing companies in America five times, and is approaching $1 billion in annual sales.

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7 comments

  1. Congratulations to Frank VanDerSloot and the entire staff at Melaleuca! To be recognized with the past recipients is quite an honour and an indication of the vision, ethics and leadership of the company.

  2. This is not only good news for Melaleuca and Mr. Vandersloot, but it’s also good news for Idaho businesses. National attention for our home grown companies is always a positive thing. Idaho should have a few more folks in the Horatio Alger association.

  3. This is great news! Congrats Frank.

  4. Way to go, Frank Vandersloot and all of the Melaleuca employees behind the company’s success! We’ve been a happy Melaleuca customer for years. It’s nice to have another Idahoan join the list.

  5. I am so proud to be a customer of Melaleuca. Frank VanderSloot is an incredible leader and well deserving of this award.

  6. Congrats to Melaleuca and CEO Frank VanderSloot. This seems likes a high honor and a worthy philanthropic group. I see they provide millions in scholarships to high school seniors.

  7. The Horatio Alger award is a great honor. I looked at the list of former recipients and it is very impressive. Congratulations Frank VanderSloot! This is a very nice accomplishment.