In that sector, the company tops Microsoft, which controls 18%, and Google, which claims 9%. In recent years, the AWS division has partnered with Pinterest, Slack and Lift.Īs of mid-2020, Amazon controls 33% of the world's cloud infrastructure services market. He has conducted business with the Central Intelligence Agency and the Democratic National Committee. Insider spoke with over 10 current and former employees to get their initial reactions. Jassy’s success has stemmed from his ability to attract consumers to Amazon’s cloud computing products. Amazon Web Services CEO Andy Jassy will replace Jeff Bezos as Amazon CEO later this year. He currently owns 85,000 shares of Amazon valued at $287.3 million. Jassy, who succeeds Jeff Bezos as Amazon’s chief executive officer on July 5, is steeped in the company’s corporate religion: Put customers first, move fast, be frugal. In 2018, he earned $19.7 million, most of which was from stock awards. In 2019, Jassy earned $348,809 in compensation from Amazon. The 17 other S-team members include finance chief Brian Olsavsky and Charlie Bill, senior vice president of Amazon's Utility Computing Services. ![]() The 53-year-old Jassy is a member of Amazon's S-team, which is Amazon's elite group of executives. The AWS division continues to drive much of Amazon’s profit. His work with AWS helped the e-commerce company grow into a technology giant. Jassy joined the company in '97, and has led Amazon’s Web Services cloud team for the past 15 years. His new role makes him the second CEO in Amazon’s 27-year history. Jassy graduated from Harvard University in 1990 and Harvard Business School seven years later. Jassy, who succeeds Jeff Bezos as Amazon’s chief executive on July 5, is steeped in the company’s corporate religion: Put customers first, move fast, be frugal. He will be an outstanding leader, and he has my full confidence.” Andy is well known inside the company and has been at Amazon almost as long as I have. Jeff Bezos to step down as Amazon chief executive. “In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives. However, Andy Jassy, 53, is reported to be a close confidant of Mr Bezos. ![]() ![]() “I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO,” Bezos wrote in a statement. His replacement, Jassy, is the company’s top cloud executive. He is a member of Bezos' elite S-team of executivesĪmazon is set to welcome a new chief executive officer, Andy Jassy, following Jeff Bezos' announcement on Tuesday that he is stepping down as CEO in the third quarter.īezos, 57, will exit his post with the e-commerce colussus in order to transition to executive chairman of Amazon’s board.Jassy has led Amazon's Web Services division since 1997.Bezos will turn the helm over to Andy Jassy.
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