9/2/2023 0 Comments Amazon andy jassy ceo![]() ![]() Jassy’s base salary, like that of several other top execs, was $175,000 in 2019, according to Amazon’s most recent Proxy statement published in 2020. “He’s definitely very humble, he’s not a self promoter, which is sort of unusual to be at this level in the tech space.” “He brings quite a degree of humility people didn’t quite realize who he was until recently,” said Jeffrey Sonnenfeld, a Yale School of Management professor. But Jassy has since overseen the growth of AWS into the backbone of much of the internet - something he managed despite not having much of a tech background. “We treat Amazon’s consumer business as an external customer.”Īt the time, many were skeptical of the decision, given that the computing business was a far cry from Amazon’s core online retail activities. “From the very start of AWS, we made a decision that if we wanted to be able to serve a lot of Amazon’s consumer competitors … that we had to make AWS its own separable business with a different leadership team and where Amazon’s consumer businesses were an important customer but just one of many important external customers,” Jassy told CNN of the decision in an interview for a 2019 CNN documentary on Amazon’s history. Jassy was there when Amazon decided to launch AWS and operate it as a separate company that served the same way it would any other customer. Obviously, he’s taken that on to great heights in his role as CEO of AWS.” “While Andy, of course, has his own fantastic version of executive, he was trained with those instincts, to prioritize the things that Jeff would and make decisions the same way Jeff would when he’s not in the room. “I watched him blossom into this beautiful complimentary executive to Jeff, where he learned to anticipate the questions Jeff would ask, the things he would hate, the things he would love, his leadership style,” Hiatt said. ![]() But if you’d said, ‘Okay, he’s stepping down, who will he choose?’ the first, instant name out of my mouth would be Andy Jassy,” Hiatt said. “If you’d asked me yesterday what I thought the timeline would be of Jeff stepping down as CEO, I would not have guessed now. Jeff Bezos is stepping down as Amazon CEO Photographer: Andrew Harrer/Bloomberg via Getty Images Andrew Harrer/Bloomberg/Getty Images The couple met when they both worked at hedge fund D.E. Bezos, 54, is worth $137 billion, according to the Bloomberg Billionaires Index, a ranking of the worlds 500 wealthiest people. founder Jeff Bezos, the worlds richest person, and his wife MacKenzie are divorcing after 25 years. Jassy also spent time in the early 2000s in a position referred to at the time as Bezos’ “shadow,” a role similar to a corporate chief of staff, which was designed to train promising young execs, according to Ann Hiatt, a former executive business partner for Bezos during Amazon’s early days (where she sat at one of Bezos’ now-legendary “door desks.”) Now a tech-leadership consultant, Hiatt said she worked closely with Jassy during his time as Bezos’ “shadow.”įILE: Jeff Bezos, founder and chief executive officer of Inc., listens during an Economic Club of Washington discussion in Washington, D.C., U.S., on Thursday, Sept. ![]() Jassy pitched entering the music business as part of the project. He first worked in a marketing role, and then was placed on a “SWAT team” project exploring other potential product categories for Amazon beyond books. ![]() “I didn’t know what my job was going to be and what group I was going to work in and what my title was going to be.” “I took my last final exam at (Harvard Business School) the first Friday in May in 1997, and I started at Amazon the next Monday,” Jassy said on “ The Disruptive Voice” podcast last year. It was his first job after graduating from Harvard Business School. (AMZN) in 1997, just about three years after Bezos launched the company in his garage and three weeks before the company went public at a valuation of $300 million. Here are three key things to know about the new leader of the e-commerce giant. “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,” Bezos wrote in a letter to employees Tuesday. Now, he will take over leading the broader company as it builds on a year of massive growth caused by the pandemic. Though not as public a figure as Bezos, Jassy is an accomplished executive in his own right - having grown Amazon’s cloud segment, Amazon Web Services, from its inception into a $45 billion business and the company’s biggest moneymaker. Amazon founder Jeff Bezos will transition from CEO to executive chair and pass the reins to Andy Jassy, a 24-year Amazon veteran, later this year, the company announced Tuesday. ![]()
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