Quick Hit: Amazon Losing John Doerr As Board Member

Quick Hit: Amazon Losing John Doerr As Board Member

Quickly, long time investor  John Doerr is stepping down from the Amazon board, as he will not stand for re-election for membership.

The pertinent quote, shown via screen capture above is as follows:

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 12, 2010, L. John Doerr informed Amazon.com, Inc. (the “Company”) that he would not stand for re-election at the Company’s 2010 Annual Meeting of Shareholders.

The company loses an amazingly famous VC, who was dubbed to have a “midas touch,” by Forbes Magazine. At this moment, there is no clear candidate for his replacement. Mr. Doerr is affiliated with Keliener Perkins, Caufield, and Byers.

H/T Atul.

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