David Clark, CEO of Amazon’s Worldwide Consumer division, will step down from that role on July 1. Clark oversees Amazon’s e-commerce sites, physical retail stores, and third-party merchant platforms. Clark spearheaded the rapid build-out of the company’s fulfillment and delivery network during the pandemic. Amazon doubled the size of its already-enormous logistics empire in a period of just 24 months. The timing of Clark’s departure is worrisome, as Amazon’s online retail sales growth is contracting. Rising costs are also taking a toll on its profits, and it appears the company overbuilt its warehouse capacity. The resignation suggests Amazon might not be making progress toward its cost-cutting goals as quickly as CEO Andy Jassy would like. . . .
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