News

Latest News

Stocks in Play

Dividend Stocks

Breakout Stocks

Tech Insider

Forex Daily Briefing

US Markets

Stocks To Watch

The Week Ahead

SECTOR NEWS

Commodites

Commodity News

Metals & Mining News

Crude Oil News

Crypto News

M & A News

Newswires

OTC Company News

TSX Company News

Earnings Announcements

Dividend Announcements

Amazon Loses two Black Executives

Amazon (NASDAQ:AMZN) is losing two top executives who lead warehouses and transportation.

Alicia Boler-Davis, senior vice president of global customer fulfillment and a member of the company’s leadership team, and David Bozeman, VP of Amazon Transportation Services, are departing the company, according to people familiar with the matter.

Both were among the company’s few top Black executives. Amazon has made progress on diversity in its executive ranks in recent years, but still only 5.5% of its senior leaders were Black as of the end of 2021, according to company data.

The latest departures come after Amazon announced earlier this month that CEO of Worldwide Consumer Dave Clark will resign on July 1. On Tuesday, Amazon CEO Andy Jassy announced long-time Amazon executive Doug Herrington will take over as the new chief executive of Worldwide Amazon Stores.

Jassy also said Amazon was changing the name of the consumer business to Amazon Stores, adding it would also bring the operations group under a single leader, John Felton.

Boler-Davis and Bozeman “have decided to explore new opportunities outside Amazon,” according to an email from Felton.

Boler-Davis, who joined Amazon in 2019 from General Motors (NYSE:GM), was a contender for the job given to Felton. She had “been an impressive and impactful leader through an unprecedented time,” Felton’s email said. She is also the only Black member of Amazon’s “S-team,” which is the company’s senior leadership team.

Even so, AMZN shares gained eight cents early Wednesday to $108.76.