Summary
Amazon.com, Inc. (AMZN) announced a change to its Board of Directors through an 8-K filing on September 20, 2021. The primary event detailed is the election of Edith W. Cooper as a new director and her appointment to the Leadership Development and Compensation Committee. Ms. Cooper brings significant experience in human capital management, having served as Executive Vice President at Goldman Sachs, and currently holds board positions with other public companies. This addition to the board, particularly to a key committee overseeing executive compensation and leadership, suggests a continued focus on strategic talent management and governance.
Key Highlights
- 1Edith W. Cooper has been elected as a new director to Amazon's Board.
- 2Ms. Cooper has been appointed to the Leadership Development and Compensation Committee.
- 3Her background includes extensive experience as Global Head of Human Capital Management at Goldman Sachs.
- 4Ms. Cooper currently serves on the boards of PepsiCo, Inc., MSD Acquisition Corp., and EQT AB.
- 5She previously served on the boards of Etsy, Inc. and Slack Technologies, Inc.
- 6In connection with her appointment, Ms. Cooper received a restricted stock unit award for 285 shares of common stock, vesting over three years.
- 7Ms. Cooper entered into a standard director indemnification agreement with the Company.
Frequently Asked Questions
Edith W. Cooper is a newly elected director to Amazon's Board. She has significant experience in human capital management, having served as Executive Vice President, Global Head of Human Capital Management at Goldman Sachs from March 2008 to December 2017. She is also a co-founder of Medley Living, Inc. and brings a wealth of board experience from other companies.
Her appointment to this committee is important as it oversees executive compensation, succession planning, and other critical human capital strategies. Her extensive background in human capital management at a major financial institution like Goldman Sachs suggests a strategic focus by Amazon on these areas.
Ms. Cooper was granted a restricted stock unit award for 285 shares of Amazon's common stock. This award is subject to a three-year vesting schedule, with installments beginning on November 15, 2022, contingent on her continued service as a director.
Yes, Ms. Cooper holds current board positions with PepsiCo, Inc. (since September 2021), MSD Acquisition Corp. (since March 2021), and EQT AB (since October 2018). She has also previously served on the boards of Etsy, Inc. and Slack Technologies, Inc.