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Amazon hires Delta CFO
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September 7, 1999: 1:18 p.m. ET
Hiring is third key executive added at Internet retailer since June
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NEW YORK (CNNfn) - Internet retailer Amazon.com Inc. turned to the established business world for a new executive once again Tuesday, tapping Warren Jenson, Delta Air Lines' chief financial officer, as its senior vice president and chief financial officer.
The move follows an effort at Amazon (AMZN) to strengthen its management depth. On Sept. 3 it hired Jeffrey A. Wilke, formerly the general manager of Allied Signal's pharmaceutical fine chemicals unit, as its vice president-general manager of operations. It named Joseph P. Galli as its president and chief operating officer in June, winning the former Black & Decker executive away from a competing offer from PepsiCo.
Despite booming sales and new product offerings, Amazon is expected by analysts to continue losing money through at least next year. Galli said Jenson will be a key to bringing tighter fiscal control to the Seattle e-commerce pioneer.
"Warren brings an unbeatable combination of financial savvy, Fortune 500 experience and a passion for customers," Galli said. "Amazon.com has taken yet another important step on its way to becoming a lasting and important company."
Jenson, who was previously CFO at NBC, succeeds Joy Covey, who in April was named Amazon's chief strategy officer.
Delta (DAL) promoted Edward H. West, its senior vice president, strategy and business development, to succeed Jenson as CFO there. He had been acting CFO at Delta before Jenson arrived there in April 1998.
"Warren Jenson helped strengthen and energize the financial function at Delta and we appreciate his significant contributions," said a statement from Leo Mullin, Delta's president and chief executive.
During Jenson's time at Delta the nation's third largest airline became a leader among major carriers in trying to migrate passengers to purchase tickets and make reservations over the Internet.
During his time at NBC Jenson participated in several NBC acquisitions and Internet moves and in the development and structuring of MSNBC.
Amazon shares climbed 1-1/2 to 63 15/16 in early afternoon trade on Monday.
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