Home » Business News » Amazon Consumer CEO resigns after leading major logistics growth

Amazon Consumer CEO resigns after leading major logistics growth

By Nithya Bose in Business News, posted June 6, 2022

Dave Clark, Amazon's consumer CEO, declared his plans to quit the firm on Friday, thereby ending the career of a key leader behind the tech giant's vast warehouse and logistical development during the pandemic.

Mr Clark, an Amazon veteran of 23 years, was in charge of all logistics until January 2021.

Last year, he was named CEO of the company's consumer division, where he oversaw an unparalleled hiring drive and the expansion of the company's vast delivery network.

The executive stated on Twitter: "I am a builder at heart," and "it is time for me to say farewell and go on a new path."

Amazon CEO Andy Jassy said: “The past few years have been 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.”

Mr. Clark handled Amazon's logistical operations, which were highly taxed during the pandemic, running out of capacity to meet the flood of orders in the early months.

Since 2020, the firm has increased the capacity of its fulfillment network, which has aided in the acceleration of client deliveries.

However, when the pandemic subsided, Amazon was left with an excess of storage space. In April, the business stated that it expected the extra capacity to cost $10 billion in the first half of 2022.

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The e-commerce behemoth has admitted that it was overbuilt during the epidemic.

It is currently looking to sublease at least 10 million square feet of warehouse space and is looking at options for terminating or renegotiating agreements with third-party warehouse owners.

There had been some indications that Mr Clark was considering leaving, including stresses on Amazon's fulfillment system and his relocation from Seattle to the Dallas region.

His departure comes less than a year after he took over Amazon's leadership from founder and former CEO Jeff Bezos.

Source: The Wall Street Journal

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