Beijing time on June 4 news, Amazon.com announced Friday in a regulatory filing that Amazon’s global consumer business chief Dave Clark will resign, effective July 1.

Clark, who has worked at Amazon for 23 years, is one of Amazon’s highest-paid executives, with total compensation of $56 million last year.

no replacement yet

Amazon has not announced a replacement for Clark.

“The past few years have been some of the most challenging and unpredictable in the history of Amazon’s consumer business, and I am especially grateful to Dave for his leadership during this time,” Amazon CEO Andy Jasey said in a statement. In a blog post about Clark’s departure, Amazon is in the process of identifying its successor and will announce it “in the next few weeks.”

Clark said in a tweet that he felt it was the right time to leave Amazon. “I have been discussing leaving Amazon with my family and others close to me for some time, but I want to make sure the team is prepared,” he said in an email to employees.

Clark joined Amazon’s operations in 1999 and quickly rose through the ranks. Prior to his departure, as CEO of Amazon’s global consumer business, Clark oversaw a number of key divisions, including online stores, brick-and-mortar stores, a marketplace for third-party sellers and Amazon Prime subscriptions. Those businesses accounted for more than 75% of Amazon’s revenue in the first quarter of this year.

Clark’s 2021 compensation is $56 million, which includes the option incentives he gets after the promotion.

Spending billions of dollars to build distribution systems

Clark previously said in an interview with the media that Amazon is expected to become the largest express delivery company in the United States by early 2022, but this goal has not yet been achieved.

Under Clark’s leadership, Amazon has spent billions of dollars building out a vast delivery system that includes a global network of robotic warehouses, freighters, and delivery fleets since a warehouse explosion in late 2013 that left packages stuck in the hands of outside carriers And hundreds of thousands of employees to get rid of dependence on delivery partners such as FedEx and UPS.

Amazon’s delivery business is growing rapidly, with Amazon delivering 44% of its own packages in 2019, making it the fourth-largest delivery service in the United States. By the end of 2021, Amazon had delivered about 66% of its own packages.

In the festive season of 2021, Amazon’s in-house delivery business has formed a major competitive advantage. This advantage is especially pronounced amid the ongoing COVID-19 pandemic, tightening global supply chains and labor shortages. In addition to utilizing its own trucks and planes, Amazon has the ability to move cargo to new ports for loading and unloading if it encounters port congestion.

These things won’t happen overnight, Clark said. For 20 years, Amazon has been promoting the construction of logistics infrastructure and technology platforms, so it has highlighted its strong advantages during the epidemic.

And now that Clark has left, how far is Amazon from “the largest express delivery company in the United States”?

This article is reprinted from: https://news.futunn.com/post/16173691?src=3&report_type=market&report_id=207289&futusource=news_headline_list
This site is for inclusion only, and the copyright belongs to the original author.