Amazon UK Managing Director leaves for Shutterfly

By

Cajsa Lykke Carlson

Published
Mar 18, 2016

Amazon UK is losing its Managing Director Christopher North on May 31, when he starts his new role as the President and CEO of digital company Shutterfly.

North has been with Amazon UK since 2006 and been its Managing Director since 2011. The company's UK revenue grew rapidly to more than $9bn in 2015 under his leadership. He starts his new role at Shutterfly on May 31, and will be simultaneously appointed to serve as a director on Shutterfly's Board of Directors. The company's interim CEO, Phil Marineau, will continue to lead Shutterfly until North joins as chief executive officer.

"We are very excited to welcome Chris to the Shutterfly team. His outstanding track record at one of the most successful eCommerce companies in the world makes him an incredible asset to this organization," said Marineau, interim chief executive officer and chairman of the Shutterfly board of directors.

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"I'm delighted to be joining Shutterfly, a company I have long admired. Our family have been happy customers for more than a decade," said North. "With Shutterfly's dedication to customers, incredible team and track record of innovation, I believe the company is strongly positioned to grow and increase profitability in order to drive shareholder value."

North and his family will relocate from London to the Bay Area in the coming months. When he joins Shutterfly the Board will grant him a restricted stock unit award ("RSU") and a stock option grant. His RSU award will cover 150,000 shares of Shutterfly common stock and will vest over three years, with 40,000, 50,000 and 60,000 shares vesting on each of the first, second, and third anniversaries of his employment start date, respectively.

North will also receive a stock option grant to purchase 850,000 shares of Shutterfly common stock at the fair market value on the day he joins the company, vesting over a four-year period.