Dave Clark, CEO of Amazon’s global consumer business and senior lieutenant to CEO Andy Jesse, will step down on July 1 after 23 years of stepping down. Amazon announced this on Friday in an official request.
Amazon has yet to name a replacement for Clark. However, in a blog post announcing his departure. Jassi said Amazon was in the process of making plans for Clark’s replacement and would announce an update “in the next few weeks.”
Clark said he felt it was time to leave Amazon in a tweet.
“As much as I enjoy traveling, it’s time to say goodbye to start a new journey. Clark said in an email to staff, which he shared on Twitter. “I’ve been discussing my intention to leave Amazon with my family and others close to me, but I want to make sure the teams are ready for success. I believe now is the time.”
Clark is one of the few top Amazon executives overseeing the company’s extensive retail operations. He is a member of Jassy’s S-Team, a cohesive group of more than a dozen senior executives from nearly every Amazon business. He took over in 2020 after Jeff Wilk retired.
As CEO of Amazon’s global consumer business, Clark oversees several vital entities. Including online stores, physical stores, third-party sellers, and Amazon Prime’s subscription business. Which generated more than 75% of Amazon’s revenue for March 31…
Amazon’s retail division has seen explosive growth during the coronavirus pandemic amid the broader e-commerce boom, but the business has started to show some gaps in recent quarters. For example, Amazon said first-quarter revenue grew 7% in April, compared to a 44% expansion.
On Friday, Jasi said Amazon was focused on improving its consumer business. A sentiment he expressed at its annual meeting last week. He told shareholders, “Amazon is working hard” to cut costs and increase profitability in its retail business.