|Amazon.com Appoints Former Wal-Mart Logistics Executive As Vice President and Chief Logistics Officer|
SEATTLE, WA (July 16, 1998)-- As part of its ongoing focus to provide customers with outstanding selection, convenience, and service, leading Internet retailer Amazon.com, Inc. (Nasdaq: AMZN), today announced the appointment of Jimmy Wright to the position of vice president and chief logistics officer.
Wright joins Amazon.com with more than 26 years of experience in logistics management. He was recognized as one of the key logistics leaders within Wal-Mart Stores, Inc., the world's largest retailer and a company globally known for its logistics excellence. Wright joined Wal-Mart in 1985 and served as vice president of distribution from 1990 to his retirement in 1998. During that time he was responsible for more than 30 regional and specialty distribution centers, which accounted for 38 million square feet of retail distribution space, staffed by more than 32,000 employees.
Wright will be responsible for all global supply-chain activities at Amazon.com, including management of the company's distribution centers, product purchasing, distribution, and shipping.
Announcing the appointment, Jeff Bezos, founder and CEO of Amazon.com, said, "Clearly, Jimmy's experience demonstrates that he has a broad and deep understanding of retail operations, merchandising, systems, and logistics. His focus will include helping the company achieve record levels of customer service at low cost, high productivity, and outstanding quality. The leadership and strategic vision Jimmy brings will strengthen Amazon.com's ability to provide our customers with the ultimate level of customer service."
This announcement contains forward-looking statements that involve risks and uncertainties that include, among others, Amazon.com's limited operating history, the unpredictability of its future revenues, and risks associated with capacity constraints, management of growth, and new business opportunities. More information about factors that potentially could affect Amazon.com's financial results is included in the company's Annual Report on Form 10-K for the year ended December 31,1997 and quarterly report on Form 10-Q for the quarter ended March 31, 1998, both filed with Securities and Exchange Commission.
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