|Amazon.com Names Warren C. Jenson Senior Vice President and Chief Financial Officer|
Delta Airlines CFO also Served at NBC, General Electric
SEATTLE, September 7 /PRNewswire/ -- Leading online retailer Amazon.com (NASDAQ: AMZN) announced today it has named Warren C. Jenson as its senior vice president and chief financial officer. Jenson had been executive vice president and CFO at Delta Airlines, the nation's third-largest airline.
Jenson comes to Amazon.com with a strong record of achievement in financial management, innovative transactions, and web-based initiatives that improved service to Delta's customers. He is the second key addition at Amazon.com in the last week, as the company strengthens its long-term senior management team and builds for future growth. Last week, Jeffrey A. Wilke was named vice president-general manager of operations. In addition, Joseph P. Galli was named President and COO in June.
"This is a major coup for Amazon.com," said Galli. "Warren brings an unbeatable combination of financial savvy, Fortune 500 experience and a passion for customers. He is an invaluable addition who will help to ensure our success as we grow. Amazon.com has taken yet another important step on its way to becoming a lasting and important company."
"This is one of those rare opportunities - once in a generation - to play in a field where history will be made," said Jenson. "Amazon.com is revolutionizing the way people shop, making their lives easier through e-commerce and providing the best in customer service."
Jenson had previously been CFO at NBC, a division of General Electric, and prior to that was staff executive and manager-mergers and acquisitions and director of investor relations at General Electric. He was a key participant in several NBC acquisitions and Internet moves and in the development and structuring of MSNBC. Jenson will report directly to Galli.
Jenson succeeds Amazon.com CFO Joy Covey. In April, Amazon.com announced that Covey would become the company's chief strategy officer, and she will continue to play a key role in the overall management of Amazon.com.
About Amazon.com, Inc.
Amazon.com, Inc. (NASDAQ: AMZN), the Internet's No. 1 music, No. 1 video, and No. 1 book retailer, opened its virtual doors on the World Wide Web in July 1995 and today offers Earth's Biggest SelectionTM with online auctions, toys, electronics, free electronic greeting cards, and more than 4.7 million book, music-CD, video, DVD, and computer-game titles. Amazon.com seeks to be the world's most customer-centric company, where people can find and discover anything they may want to buy online. As part of its efforts to provide the best shopping experience for customers, Amazon.com provides secure credit-card payment, personalized recommendations, streamlined ordering through 1-ClickSM technology, and hassle-free auction bidding with Bid-ClickSM.
Amazon.com operates two international Web sites:
www.amazon.co.uk in the United Kingdom and www.amazon.de in Germany. Amazon.com also operates PlanetAll (www.planetall.com), a Web-based address book, calendar, and reminder service. It also operates the Internet Movie Database (www.imdb.com), the Web's comprehensive and authoritative source of information on more than 150,000 movies and entertainment programs and 500,000 cast and crew members dating from the birth of film in 1892 to the present. Amazon.com also operates LiveBid.com (www.livebid.com), the sole provider of live-event auctions on the Internet.
In addition, Amazon.com has invested in leading Internet retailers that are improving the lives of customers by making shopping easier and more convenient: drugstore.com, an online retail and information source for health, beauty, wellness, personal care and pharmacy, at www.drugstore.com; Pets.com, the online leader for pet products, expert information and services, at www.pets.com; HomeGrocer.com, the first fully integrated Internet grocery-shopping and home-delivery service, with operations in Seattle and Portland, Oregon, at www.homegrocer.com; Gear.com, which offers brand name sporting goods at prices from 20% to 90% off retail, at www.gear.com .
This announcement contains forward-looking statements that involve risks and uncertainties that include, among others, Amazon.com's limited operating history, anticipated losses, unpredictability of future revenues, potential fluctuations in quarterly operating results, seasonality, consumer trends, competition, risks of system interruption, management of potential growth, risks related to auction services, and risks of new business areas, international expansion, business combinations, and strategic alliances. More information about factors that potentially could affect Amazon.com's financial results is included in Amazon.com's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 1998 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 1999 and June 30, 1999.
Amazon.com, Amazon.com Auctions, Amazon.co.uk, Amazon.de, Internet Movie Database, PlanetAll, Earth's Biggest Selection, Bid-Click and 1-Click are either registered trademarks or trademarks of Amazon.com, Inc., or its affiliates. All other names mentioned herein may be trademarks of their respective owners.