One among Amazon’s longtime leaders, Worldwide Shopper CEO Dave Clark, is leaving the corporate to pursue unspecified “different alternatives” in an abrupt exit from the tech big’s govt ranks.
Amazon CEO Andy Jassy, who succeeded founder Jeff Bezos within the position lower than a yr in the past, introduced the information in an e mail to workers Friday morning, describing the transfer as Clark’s resolution.
The corporate named no rapid successor.
Amazon nonetheless has “extra work in entrance of us to get to the place we finally wish to be in our Shopper enterprise,” Jassy wrote. “To that finish, we’re attempting to be considerate in our plans for Dave’s succession and any modifications we make. I anticipate to be prepared with an replace for you over the subsequent few weeks.”
Clark was reported final yr to have offered his residence within the Seattle space and moved to the Dallas space. The transfer raised eyebrows, however was disregarded by the corporate on the time as pure given his geographically numerous workforce.
Beforehand the pinnacle of Amazon worldwide operations, Clark grew to become Amazon’s Worldwide Shopper CEO in early 2021, succeeding Jeff Wilke within the position. His tenure was characterised by unprecedented challenges for the corporate, together with the fallout from the pandemic, and a push by Amazon warehouse staff to unionize.
“As a lot as I’ve liked the experience, it’s time for me to say goodbye to start out a brand new journey,” Clark wrote in a memo to Amazon employees. “For a while, I’ve mentioned my intent to transition out of Amazon with my household and others near me, however I wished to make sure the groups had been setup for achievement. I really feel assured that point is now.”
He added, “We’ve a fantastic management group throughout the Shopper enterprise that is able to tackle extra as the corporate evolves previous the client expertise challenges we took on throughout the COVID-19 pandemic. We even have a strong multi-year plan to struggle the inflationary challenges we face in 2022. I depart figuring out that the leaders within the Shopper enterprise are world class and can take the subsequent part of Amazon to outstanding ranges of success.”
Clark gave no indication of his future plans.
Amazon’s shopper enterprise has been struggling financially in latest months, after the corporate added extra staff and warehouse capability than it finally wanted in response to the pandemic. Jassy informed shareholders final week that he was “assured we’ll get again to a wholesome stage of profitability in our shopper enterprise.”
The corporate would have posted an working lack of greater than $2.8 billion within the first quarter if not for its worthwhile Amazon Net Providers cloud unit, which Jassy beforehand led.
Clark acquired a wage of $175,000 for 2021 and restricted inventory valued at greater than $55 million. The corporate describe this inventory award and $12.6 million of his $46 million in 2020 inventory awards as “particular grants” issued along side his promotion to Worldwide Shopper CEO, vesting between 2022 and 2027.
Vesting of those grants usually requires continued employment on the firm.
Amazon offered no additional particulars in an SEC submitting noting Clark’s departure.
Right here is the total observe from Jassy on Clark’s departure, despatched to workers this morning:
After 23 years with Amazon, Dave Clark has determined to depart the corporate to pursue different alternatives. His final day within the workplace will probably be July 1.
Dave joined our Operations Pathways Program in Could 1999—only a day after graduating from his MBA program—and he took the leap from instructing music to serving to us construct and scale our Shopper Operations. Dave has had an more and more massive influence throughout the corporate, beginning as an Operations Supervisor in Kentucky, rising to a GM within the Northeast, stepping as much as lead WW Operations, after which ultimately main all of WW Shopper. He’s led groups who’ve designed a number of generations of FCs, constructed out Amazon’s transportation community from scratch, and has developed vital expertise all through the group.
Please be a part of me in thanking Dave for his many accomplishments over time at Amazon and particularly for what he’s delivered for purchasers. The previous few years have been among the many most difficult and unpredictable we’ve confronted within the historical past of Amazon’s Shopper enterprise, and I’m notably appreciative of Dave’s management throughout that point.
As we shared final week throughout our annual shareholder assembly, we nonetheless have extra work in entrance of us to get to the place we finally wish to be in our Shopper enterprise. To that finish, we’re attempting to be considerate in our plans for Dave’s succession and any modifications we make. I anticipate to be prepared with an replace for you over the subsequent few weeks.
Whereas change isn’t simple, I’m optimistic concerning the plan that the Shopper group has constructed and have faith that if we keep targeted on executing it, we’ll ship the fitting experiences for purchasers and outcomes for the enterprise.
Please be at liberty to cascade to your leaders and groups.
Test again for updates on this creating story.