Andy Jassy is ready to take over the reins of Amazon after Jeff Bezos introduced on Tuesday that he’d be stepping down as CEO of his e-commerce empire.
Jassy, 53, began with the firm as a advertising and marketing supervisor in 1997 — simply three years after it was based by Bezos — and, over the subsequent a long time, helped to show Amazon right into a worthwhile tech agency.
Jassy had lengthy been rumored to be a possible Bezos successor.
His ascension as CEO received’t happen till the third quarter of 2021, when Bezos, 57, will then develop into govt chair of Amazon’s board.
Right here’s what else you have to find out about the incoming Amazon head.
What was Andy Jassy’s role at Amazon previous to his promotion?
Jassy at present leads the firm’s cloud computing offshoot, Amazon Internet Companies, which gives a variety of on-line providers for companies.
A graduate of Harvard Enterprise College, Jassy based AWS in 2003 and have become its CEO in 2016.
Beneath Jassy’s management, the division grew to a cloud platform utilized by hundreds of thousands, signing main clients together with Verizon, McDonald’s and Honeywell.
The service competes with Microsoft Corp’s Azure and Alphabet Inc’s Google Cloud.
It introduced in $12.7 billion in the most up-to-date quarter, up 28 % from a yr in the past.
Amazon has not but introduced who can be changing Jassy at AWS.
What’s Andy Jassy’s wage and internet value?
Jassy was paid a complete of $348,809 in 2019, based on Amazon’s most up-to-date proxy statements.
He owns about 85,000 shares in the firm, valued at $287.three million as of Tuesday, based on CNBC.
His internet value was estimated at $394 million in November 2020.
What’s Andy Jassy’s relationship to Jeff Bezos?
In Amazon’s early years, Jassy reportedly took on the role of “Jeff Bezos’s Shadow.”
This place stored him at Bezos’ aspect day by day as the two surveyed the firm and moved towards creating AWS, based on a 2015 Forbes profile of Jassy.
In his assertion on Tuesday, Bezos stated Jassy was “well-known inside the firm and has been at Amazon nearly as lengthy as I’ve.”
“He can be an excellent chief, and he has my full confidence,” Bezos stated.
What’s Andy Jassy’s background?
Jassy grew up in Scarsdale and attended Scarsdale Excessive College.
His father, Everett L. Jassy, was a senior associate at Dewey Ballantine, a serious company legislation agency based mostly in New York Metropolis.
Jassy graduated from Harvard School after which earned his MBA at the Ivy’s enterprise faculty.
He has been married to Elana Rochelle Caplan since 1997. The couple have two kids and dwell in Seattle.
A self-proclaimed music and sports activities fan, Jassy can be a minority proprietor of the NHL’s Seattle Kraken.
With Submit wires