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New Retail CEO Named at Amazon

New Retail CEO Named at Amazon
Source: Verge

Just a few weeks after the former CEO announced his impending resignation, Amazon has selected a new CEO for its retail division. Andy Jassy, CEO of Amazon, said in a blog post on the company’s website that Doug Herrington, a 17-year veteran of the organization, will take over as CEO of the company’s global retail division.

According to Jassy’s email, Herrington has extensive experience in Amazon’s consumer business. He “joined the firm in 2005 to build up our Consumables business, launched AmazonFresh in 2007, and in 2015 took on directing all of our North American Consumer business,” Jassy said.

The path ahead may be difficult for him, though, since Amazon’s growth has slowed after rising during the epidemic, and Jassy has reportedly been working very hard to fix problems with the company’s retail and shipping operations, according to a recent Wall Street Journal story. However, there is some hope for the near future because it is probable that the business will have another stellar day of offers on the forthcoming Prime Day in July.

Dave Clark, who made his departure known on June 3, is succeeded by Herrington. Beginning on July 1st, Clark will resign. On September 1st, he will assume leadership of Flexport, a maker of supply chain software.