Amazon CEO of Worldwide Consumer Dave Clark resigns


Amazon’s Consumer CEO Dave Clark Resigns After a Series of Missteps

After Amazon’s stock price fell nearly 30 percent since its high point in July, the company announced that Dave Clark, the head of Amazon’s global consumer business, had resigned. A source familiar with the matter said that Clark’s departure was not related to the recent plunge in the company’s share price. “Dave has done an amazing job,” said Jeff Bezos, Amazon’s founder and chief executive officer. “He built a great team and did a fantastic job.”

Amazon has decided to let go of its head of consumer electronics, Jeff Wilke, after less than two years at the helm of the division. The move comes just days after the company reported disappointing earnings, following a period of growth and expansion. The decision also follows a string of recent departures from the company, including the exit of former CFO Brian Olsavsky and the departure of former CEO John Mackey.

Amazon is struggling to keep up with demand after its online sales skyrocketed due to COVID-19. The company had to hire thousands of employees just to meet the surge in customer orders. But now, the company says it has too many warehouse locations and is leasing out space to other companies. Amazon also shut down some fulfillment centers because they were not profitable enough. Amazon’s online retail sales declined 3% in Q1 2020 compared to Q4 2019.

Amazon has had a rocky few months. The company has faced criticism for poor working conditions, labor issues, and inflated prices. These problems have led to a decline in its stock price. Amazon has also been rocked by employee protests at three warehouses. And Congress and regulators have begun looking into whether Amazon is using its market dominance to squeeze suppliers.


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