![]() "That will be some of the new era of his leadership."Ĭontributing: The Associated Press. “Amazon’s size makes some industries uncomfortable, some governments uncomfortable, and Andy Jassy will have to deal with the consequences,” said Gartner analyst Ed Anderson. While Bezos says he has "full confidence" in Jassy's new role as CEO, Jassy will encounter challenges, including Amazon's rocketing growth. Jassy called 'a creative ideas person'Īn unidentified former executive interviewed last September by The Washington Post described Jassy as "more of a creative ideas person, rather than an operations person."Īccording to Business Insider, several current and former employees who worked for AWS described a conference room called "The Chop" where Jassy ideas "would get chopped down to size." As former AWS employee Scott Chancellor tells the outlet: "If you're not prepared for a meeting with him in the Chop, and especially if you try to mask that lack of preparedness with smooth talking, he'll know and he will make it clear." "He's got a great track record of developing multiple things and businesses within Amazon, not the least of which is AWS, which is arguably the most profitable, important technology company in the world," Olsavsky said. Revenue from AWS reached $12.7 billion last quarter, up 28% from a year ago. "A lot of companies really will only pursue businesses that are adjacent or look like an extension of their current business – which by the way is a completely rational strategy," Jassy told The Financial Times. It was there Jassy pushed the idea of Amazon Web Services, which now serves as a key provider of internet infrastructure.ĭuring the interview, Jassy said Amazon tries to stay open-minded when it comes to entering new markets, focusing on whether Amazon can do something new in an underserved business. "He is a visionary leader, a great operator, and he understands what makes Amazon such a special, innovative company." Jassy helped start Amazon Web ServicesĪccording to a 2016 profile in The Financial Times, Bezos held an off-site meeting at his house in Lake Washington in 2003 to discuss Amazon's strengths. "Those of us who know Andy are excited to see him take on this greater responsibility," said Brian Olsavsky, Amazon's senior vice president and chief financial officer, during the company's quarterly earnings call. In 1997, only a couple of years after Amazon was founded, Jassy started working at the tech giant. ![]() Jassy graduated from Harvard University and has a master's in business administration from Harvard Business School. ![]() Jassy will be promoted from CEO of Amazon Web Services, the company's cloud computing service that helps power sites like Netflix and Spotify.īut who is Jassy? Here's what you should know about the next CEO of Amazon.īig changes at Amazon: Jeff Bezos to step down as CEOįirst-time homebuying: More buyers get help with down payments from family and friends At Amazon since (almost) the beginning Founder Jeff Bezos will leave the company's top role, and longtime Amazon executive Andy Jassy will take over as CEO.Īs Bezos wrote in an email to employees, he will stay on as executive chair and "focus my energies and attention on new products and early initiatives." On Tuesday, the tech giant announced a transition in leadership. By this summer, Amazon will have a new CEO.
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