SAN FRANCISCO (Reuters) - Amazon.com Inc said that John Doerr, a renowned venture capitalist who, early on, funded many of the Internet’s biggest names, will not run for reelection to the board at the company’s next shareholder meeting.
A spokeswoman for Amazon, where Doerr has served as a director for 14 years, said that the executive “will focus more of his time on new ventures.”
Doerr is a partner at Silicon Valley VC firm Kleiner Perkins Caulfield & Byers, which typically invests in early stage start-up technologies.
The company is best known for investments in Google Inc, Netscape and Genentech, as well as Amazon.
On Doerr's bio page on Kleiner Perkins' web site, Amazon Chief Executive Jeff Bezos is quoted as saying, "Doerr (and Kleiner) is the center of gravity in the Internet. here
Last year Doerr was part of a panel of experts tapped by U.S. President Barack Obama to help shape a response to the economic crisis.
Reporting by Alexandria Sage; Editing by Phil Berlowitz