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Business

Amazon CEO for Worldwide Consumer Dave Clark resigns




Dave Clark, Amazon’s senior vice president of worldwide operations.

Lindsey Wasson | Reuters

Dave Clark, CEO of Amazon’s worldwide consumer business and top lieutenant for CEO Andy Jassy, ​​will step down on July 1 after 23 years in the company, Amazon announced in a regulatory filing Friday.

Amazon did not mention a replacement for Clark. In a blog post announcing his resignation, Jassy said Amazon is in the process of establishing a successor plan for Clark, and will announce an update “in the coming weeks.”[ads1];

“The last few years have been among the most challenging and unpredictable we’ve encountered in the history of Amazon’s consumer business, and I’m especially grateful for Dave’s leadership during that time,” Jassy said.

In a tweet, Clark said he felt it was the right time to leave Amazon.

“As much as I have loved the trip, it’s time for me to say goodbye to starting a new journey,” Clark said in an email to staff, which he shared on Twitter. “For some time I have been discussing my intention to leave Amazon and with my family and others close to me, but I wanted to make sure the teams were set up for success. I feel confident the time is now.”

Clark is one of a handful of key executives at Amazon, overseeing the company’s extensive retail operations, and a member of Jassy’s S-Team, a close-knit group of over a dozen top executives from almost every area of ​​Amazon’s business. He took over the role in 2020 after Jeff Wilke resigned.

As CEO of Amazon’s worldwide consumer business, Clark oversees a number of key entities, including online stores, physical stores, the marketplace of third-party sellers and the Amazon Prime subscription business, all of which generated more than 75% of Amazon’s revenue in the quarter ended March 31.

Amazon’s retail unit experienced explosive growth during the coronavirus pandemic in the midst of a general e-commerce boom, but the business has begun to show some cracks in recent quarters. In April, Amazon said revenue increased 7% in the first quarter, compared to a 44% increase in the same period last year.

On Friday, Jassy said that Amazon is focused on improving its consumer business, a feeling he reiterated at the company’s annual shareholders’ meeting last week. He told shareholders that Amazon is “working hard” to reduce costs and improve retail profitability.

Clark joined the company’s operations department in 1999 and rose rapidly in rank. He is credited with scaling Amazon’s fulfillment and logistics programs, which have become the backbone of retail. His keen eye for identifying weaknesses in logistics operations gave him the nickname internally for “The Sniper”, Bloomberg reported.

Clark is the last member of Bezos’ former inner circle to have left the company. Wilke, who was head of the consumer business and was seen as a potential successor to Bezos, announced his resignation in 2020 and resigned last year. Steve Kessel, who built the original Kindle and then took over the physical stores division, told employees at the end of 2019 that he was leaving.

Clark is among Amazon’s highest paid executives. He received a total compensation last year of 56 million dollars, up from 46.3 million dollars in 2020. Almost everything was in the form of share allocations, since his annual salary is only 175,000 dollars.

In 2021, Clark and Jassy received special long-term limited shares related to their campaigns. Clark was issued 16,000 shares with limited shares that will be earned annually through 2025.



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