Amazon Taps Prime Boss To Take Lead At Healthcare Front

Amazon.com, Inc AMZN senior vice president Neil Lindsay has been appointed to oversee the retail giant’s healthcare expansion.

What Happened: Lindsay’s LinkedIn profile lists him as senior vice president, health and brand, at Amazon.

The executive continues to lead the Jeff Bezos-founded company’s global brand and marketing efforts, a person familiar with the matter told CNBC.

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Why It Matters: Lindsay formerly headed Amazon’s Prime subscription business and worked on branding for Kindle, Fire and Echo devices, noted CNBC.

The executive is a part of Amazon’s “S-team” that reports to CEO Andy Jassy.

Last year, Amazon launched Amazon Pharmacy in a bid to disrupt the lucrative $300 billion pharmacy market.

In 2018, Amazon collaborated with Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) and JPMorgan Chase & Co JPM on employee health. It was announced in January that the collaboration dubbed Haven would come to an end.

More recently, Amazon’s cloud chief Adam Selipsky was reported to be planning a shift away from popular customer solutions to specific sectors like healthcare among others.

Price Action: On Wednesday, Amazon shares closed 2.5% higher at $3,466.30 in the regular session. 

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