"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. Here's what she learned so you can avoid her mistakes.By this summer, Amazon will have a new CEO. Jeff Zucker is leaving CNN - meet 14 execs who could succeed him or run other TV networks as massive turnover loomsĪn interactive database of the top influencer mansions and who lives in themĪ hopeful millennial bought a house during the pandemic and regrets everything. Meet the top 14 psychedelics startups raising the most cash to develop new ways of treating depression, addiction, and more Inside McDonald's reckoning on race, amid billion-dollar lawsuits and unprecedented new effortsĬriteo is preparing a major restructure affecting 10% of staff as it looks to shift away from retargeting Microsoft still hasn't told retail employees where they'll be required to work and some are panicking, leaked discussion shows Here are some headlines from the past week that you might have missed. In this webinar, we will talk to some of healthcare's most notable investors including CRV's Kristin Baker Spohn, Menlo Ventures partner Greg Yap, Oak HC/FT's Andrew Adams, and Venrock partner Racquel Bracken. Account icon An icon in the shape of a person's head and shoulders.
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