Amazon names new retail CEO

Amazon has named a new CEO of its retail arm just weeks after the previous CEO announced he would be resigning. Doug Herrington, a 17-year company vet, is set to become CEO of Amazon’s worldwide stores business, Amazon leader Andy Jassy announced in an email posted to the company’s website.

Herrington has a lot of experience in Amazon’s consumer business, as noted in Jassy’s email; Herrington “joined the company in 2005 to build out our Consumables business, launched AmazonFresh in 2007, and in 2015, took on leading all of our North American Consumer business,” Jassy wrote.

But he’ll have a tough road ahead, as Amazon’s growth has slowed after surging during the pandemic, and according to a recent Wall Street Journal report, Jassy has...

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