Kieron Smith to leave Book Depository

Kieron Smith to leave Book Depository

The Book Depository’s managing director Kieron Smith is to leave the company next month, The Bookseller understands.

Smith has been the m.d. of the e-commerce book retailer for the last five years and is expected to leave the company to pursue new opportunities on 15th November 2013.

The Book Depository is currently advertising for the positions of "senior manager, e-commerce" and "senior product manager" in Slough.

Amazon did not respond for requests to comment on the departure or the new advertised positions.

Word of Smith’s departure comes exactly two years after the official close of Amazon’s acquisition of The Book Depository, in October 2011.

The Office of Fair Trading (OFT) passed a merger between Amazon and The Book Depository after a lengthy investigation, deciding that it would not lead to a lessening of competition within the UK book industry.

At the time, the OFT said The Book Depository only accounted for between 2-4% of the online market for physical books, and that the company had most of its growth in overseas markets rather than the UK.

In the first financial results filed since the acquisition filed in June, The Book Depository recorded a £15.3m pre-tax profit for the year—a 400% rise from the £2.9m it made in the 18 months to December 2011, before Amazon bought the company. Sales at The Book Depository in the 12 months to 2012 totalled £125.5m, whereas in the 18 months to December 2011, sales totalled £147.8m.

Before joining The Book Depository, Smith was previously the head of e-commerce at Waterstones and the head of online operations at GAME stores.