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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Amazon.com, Inc.    AMZN

AMAZON.COM, INC.

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Amazon com : consumer CEO Jeff Wilke to retire early next year

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08/21/2020 | 11:00am EDT
FILE PHOTO: Amazon logistics center in Lauwin-Planque

Amazon.com Inc on Friday said its longtime executive and consumer chief Jeff Wilke plans to retire after more than two decades with the company, a decision that appeared to take him out of line to succeed CEO and founder Jeff Bezos.

Dave Clark, 47, another Amazon veteran who has run the retailer's supply chain and delivery operations, will step into Wilke's role, the company said in a filing. Wilke aims to retire in the first quarter of next year to explore personal interests, he said in a note to staff that was shared with Reuters.

Wilke, 53, is Amazon's second-highest ranking officer along with Andy Jassy, who is chief executive of the company's cloud computing division. That made Wilke a contender to take over the top job from Bezos, 56, if he were to leave. Amazon declined to comment on succession plans.

Bezos, who became the world's richest person as Amazon's stock soared, said in another note to staff that Wilke's "legacy and impact will live on long after he departs."

Wilke joined Amazon as vice president in 1999 when the young company still sent corporate workers to help pack orders during the holiday shopping season. Now, he oversees a range of businesses including online and physical stores and the loyalty club Prime, which helped make Amazon the world's largest internet retailer.

Wilke said in his note that he does not have a new job and is "as happy with and proud of Amazon as ever," but he wants to move on and step aside for others.

Clark, who will take over, currently is Amazon's senior vice president of worldwide operations. He built out the company's air cargo fleet and last-mile service that now delivers more packages for Amazon than any other U.S. carrier.

The company last month posted its biggest profit ever, as sales surged during the COVID-19 pandemic.

(Reporting by Akanksha Rana in Bengaluru and Jeffrey Dastin in San Francisco; Editing by Anil D'Silva, Steve Orlofsky and Chizu Nomiyama)

By Akanksha Rana and Jeffrey Dastin


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Financials (USD)
Sales 2020 369 B - -
Net income 2020 16 447 M - -
Net cash 2020 53 158 M - -
P/E ratio 2020 99,9x
Yield 2020 -
Capitalization 1 605 B 1 605 B -
EV / Sales 2020 4,20x
EV / Sales 2021 3,49x
Nbr of Employees 798 000
Free-Float 81,3%
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Technical analysis trends AMAZON.COM, INC.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 52
Average target price 3 746,12 $
Last Close Price 3 204,40 $
Spread / Highest target 40,4%
Spread / Average Target 16,9%
Spread / Lowest Target 4,86%
EPS Revisions
Managers
NameTitle
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Dave Clark Senior Vice President-Worldwide Operations
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
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