Dave Clark, Senior Vice President of Worldwide Operations at Amazon.
Lindsey Wasson | Reuters
CEO, Dave Clark AmazonAndy Jassy, CEO of the global consumer business, will resign on July 1st after working for Amazon for 23 years. Announced in submission to regulatory agency Friday.
Amazon did not appoint a replacement for Clark.of Blog post Jassy has announced that he will leave the company and that Amazon is in the process of consolidating Clark’s successor plans and will announce an update “in the coming weeks.”
“The past few years have been one of the most difficult and unpredictable things we’ve faced in the history of Amazon’s consumer business, and we’re especially grateful for Dave’s leadership in the meantime,” Jassy said. Says.
Clark said in a tweet that he felt it was the right time to leave Amazon.
“It’s time to say goodbye to start a new journey as much as I loved the ride quality,” Clark said in an email to employees shared on Twitter. “I’ve been discussing my intentions to move from Amazon for a while with my family and people nearby, but I wanted to make sure my team was prepared to succeed. I’m sure it’s time. doing.”
Clark is one of Amazon’s few most important executives, oversees the company’s vast retail business, and is a close group of more than 12 senior executives from almost every area of Amazon’s business. I’m a member of Jassy’s S team. After Jeff Wilk resigned, he took over that role in 2020.
As CEO of Amazon’s global consumer business, Clark oversees many key units, including online stores, physical stores, third-party marketplaces, and the Amazon Prime subscription business. All of these generate over 75% of Amazon’s revenue. Quarter ended March 31st.
Amazon’s retail sector has experienced explosive growth during the coronavirus pandemic in the global e-commerce boom, but the business has begun to show some cracks in recent quarters. April, Amazon Said First-quarter revenue increased 7% compared to a 44% increase in the year-ago quarter.
On Friday, Jasie said Amazon is focusing on improving its consumer business, the sentiment he echoed at the company’s annual shareholders meeting last week.he Told shareholders Amazon is “working hard” to reduce retail costs and improve profitability.
Clark joined the company’s business unit in 1999 and quickly moved up the ranks. He is credited with expanding Amazon’s fulfillment and logistics programs, which are the backbone of the retail business. His keen eye for identifying weaknesses in the logistics business gave him the internal nickname of “The Sniper.” Bloomberg report.
Clark is the latest member of Bezos’ former inner circle and has left the company. Wilke, who was responsible for the consumer business and was considered the successor to Bezos, Announced his departure In 2020, I resigned last year. Steve Kessel, who built the original Kindle and took over the physical store division, Told employees in late 2019 That he was gone.
Clark is one of Amazon’s most paid executives. He received $ 56 million last year from $ 46.3 million in 2020. His annual salary was only $ 175,000, so almost everything was in the form of a stock reward.
In 2021, Clark and Jasie were given special long-term restricted shares that led to their promotion. Clark has been issued 16,000 restricted shares set to vest each year until 2025.
Last week, Amazon shareholders Narrowly approved Company executive compensation plan for top executives. The two investment advisers advised stakeholders to reject the plan, saying it was excessive and did not reflect the company’s performance. Only 56% of shareholders voted to approve the compensation package, up from 81% in the previous year.
