Amazon CEO of Worldwide Consumer Dave Clark Resigns (cnbc.com) 12
Dave Clark, CEO of Amazon's worldwide consumer business and a top lieutenant of CEO Andy Jassy, will resign July 1, after 23 years at the company, Amazon announced in a regulatory filing Friday. Amazon did not name a replacement for Clark. CNBC reports: In a blog post announcing his exit, Jassy said Amazon is in the process of firming up a succession plan for Clark, and will announce an update "over the next few weeks." "The past few years have been among the most challenging and unpredictable we've faced in the history of Amazon's Consumer business, and I'm particularly appreciative of 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 ride, it is time for me to say goodbye to start a new journey," Clark said in an email to employees, which he shared on Twitter. "For some time, I have discussed my intent to transition out of Amazon and with my family and others close to me, but I wanted to ensure the teams were set up for success. I feel confident that time is now."
Clark is one of a handful of the most important executives at Amazon, overseeing the company's sprawling retail business, and a member of Jassy's S-Team, a tight-knit group of over a dozen senior executives from almost all areas of Amazon's business. He took over the role in 2020 after Jeff Wilke stepped down. As CEO of Amazon's worldwide consumer business, Clark oversees a number of key units, 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.
In a tweet, Clark said he felt it was the right time to leave Amazon. "As much as I have loved the ride, it is time for me to say goodbye to start a new journey," Clark said in an email to employees, which he shared on Twitter. "For some time, I have discussed my intent to transition out of Amazon and with my family and others close to me, but I wanted to ensure the teams were set up for success. I feel confident that time is now."
Clark is one of a handful of the most important executives at Amazon, overseeing the company's sprawling retail business, and a member of Jassy's S-Team, a tight-knit group of over a dozen senior executives from almost all areas of Amazon's business. He took over the role in 2020 after Jeff Wilke stepped down. As CEO of Amazon's worldwide consumer business, Clark oversees a number of key units, 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.
Got rich enough? (Score:2)
Some people still know that above a certain amount money becomes worthless and useless and a liability instead of an asset.
Wrong perspective (Score:2)
Some people still know that above a certain amount money becomes worthless and useless and a liability instead of an asset.
Money is never worthless or a liability.
The *pursuit* of money past the amount that you can comfortably live on can become a problem, except that some people actually enjoy the money-making process. Pursuing money at the expense of your family, or personal health, or out of a sense of duty can also be a problem.
Some people work hard (plus or minus enjoying the ride), then realize that they have a lot of money stored up, and retire. They can then pursue hobbies, personal dreams, travel, and so on.
But they do
Re: (Score:2)
Some people still know that above a certain amount money becomes worthless and useless and a liability instead of an asset.
Money is never worthless or a liability.
It is. Unless you are a complete PoS. Are you a complete PoS?
Don't believe what you hear (Score:2)
Insiders say the real reason is - he wants to focus on his music [wikipedia.org].
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Re: (Score:2)
Heh, I recognized that name when I read the summary. :)
But which Dave Clark though? There are five of them.
Re: (Score:2)
Once again, I am too late for the obvious joke. Curses (dot h).
Re: (Score:2)
However, let me be the first to state the obvious...
Na na na na
Na na na na
Hey Hey
Goodbye.
burn out (Score:2)
the pandemic must have been a trying time for any human being in that position (CEO of worldwide consumer business). The pressure must have been excruciating.
If that was indeed the reason, as a victim of burnout myself, I can relate. Granted, I barely had a parachute, while this guy has a Massive golden one, but still, I can relate.
Kindle Leaving China (Score:1)
Fix the TFS. (Score:1)