Andy Jassy is set to take over Amazon after Jeff Bezos announced on Tuesday that he will step down as CEO of his e-commerce empire.
Jassy, 53, started the company as a marketing manager in 1997 – just three years after it was founded by Bezos – and in the following decades helped transform Amazon into a marketing firm. profitable technology.
It has long been rumored that Jassy is a potential successor to Bezos.
His rise as CEO will not take place until the third quarter of 2021, when 57-year-old Bezos will then become executive chairman of Amazon’s board of directors.
Here’s what else you need to know about the received Amazon head.
What was Andy Jassy’s role at Amazon before he was promoted?
Jassy currently runs the cloud computing company, Amazon Web Services, which provides a range of online services for businesses.
A graduate of Harvard Business School, Jassy founded AWS in 2003 and became its CEO in 2016.
Under Jassy’s leadership, the division became a cloud platform used by millions, signing important customers, including Verizon, McDonald’s and Honeywell.
The service competes with Microsoft Cloud Azure and Google Cloud from Alphabet Inc.
It brought in $ 12.7 billion in the most recent quarter, up 28 percent from last year.
Amazon has not yet announced who will replace Jassy at AWS.
What is Andy Jassy’s salary and net worth?
Jassy was paid a total of $ 348,809 in 2019, according to the latest proxy statements from Amazon.
He owns about 85,000 shares in the company, valued at $ 287.3 million as of Tuesday, according to CNBC.
Its net worth was estimated at $ 394 million in November 2020.
What is Andy Jassy’s relationship with Jeff Bezos?
In Amazon’s early years, Jassy reportedly took on the role of “Jeff Bezos’ Shadow.”
This position he held daily with Bezos, while the two questioned the company and headed for the development of AWS, according to a 2015 Forbes profile of Jassy.
In his statement Tuesday, Bezos said Jassy was “well known in the company and was on Amazon for almost as long as I did.”
“He will be a remarkable leader and has my full confidence,” Bezos said.
What is Andy Jassy’s background?
Jassy grew up in Scarsdale and attended Scarsdale High School.
His father, Everett L. Jassy, was a senior partner at Dewey Ballantine, a major New York City-based law firm.
Jassy graduated from Harvard College and then graduated with an MBA from Ivy Business School.
He has been married to Elana Rochelle Caplan since 1997. The couple has two children and live in Seattle.
A self-proclaimed music and sports fan, Jassy is also a minority owner of the NHL’s Seattle Kraken.
With Post threads