- To compose
- BBC World News
Image Source, Reuters
Andy Jassy is 52 years old and has worked for Amazon since 1997.
Amazon founder Jeff Bezos will step down as CEO of the company he started in his garage nearly 30 years ago.
The American mogul, who has since become the richest man in the world, will be replaced by Andy Jassy, who currently runs Amazon Web Services, the company’s fast-growing cloud computing business.
Bezos will cease to be CEO, but he will not leave the company completely and will continue to be part of your board guideline.
According to Amazon, the role reversal will occur in the second half of 2021, but what about Amazon’s future CEO?
Unlike its predecessor, Andy Jassy keeps a very low profile.
Born in New York State, he was signed by Amazon in 1997, right after graduating from Business School Harvard (HBS).
“I graduated from HBS on the first Friday of May 1997, and I started at Amazon the following Monday,” Jassy said on an HBS podcast September last year.
Head of one of the company’s engines
His first job would be as a marketing manager and he worked his way up to helping find Amazon Web Services (AWS) in the early 2000s, which is now considered one of the company’s big profit engines.
The division provides storage and cloud computing and creates the infrastructure used by governments and millions of businesses, including McDonald’s and Netflix.
Jassy, now 52, was promoted from Senior Vice President to Chief Executive Officer of AWS in 2016.
Image Source, Reuters
Jeff Bezos is the richest man in the world with a net worth of about $ 200 billion.
“Andy is well known within the company and has been with Amazon for nearly as long as I have,” Bezos wrote in an email to his employees.
“It will be an excellent leader and he has all my confidence. “
Amazon’s future CEO has largely stayed away from politics, but last year he expressed support on Twitter for the US Supreme Court’s decision to block the Trump administration’s attempt to dismantle the program that protects undocumented immigrants who are if children are brought to the US.
He also welcomed the injunction to make discrimination against LGBTQ people illegal in his workplace.
“It was not an accident”
Jassy is equally well known sports fan, especially ice hockey. So much so that he co-owns the Seattle Kraken, a new team that will compete in the National Hockey League (NHL) starting this year.
Sophie Lund-Yates, analyst at Hargreaves Lansdown, says it was “no coincidence” that Amazon chose the Cloud Business Director to lead the company as his rise to the top underscores the importance of this division.
Image Source, AWS
Andy Jassy has led Amazon’s most profitable division for the past several years.
“(AWS) continued to shine in the (most recent) quarter and now represents a larger share of sales. The potential is enormous,” he explains.
Total Amazon Sales up 44% to $ 125.6 billion in the last three months of the year, driven in part by renewed lockdown measures in some parts of the world, as well as a later date for “Prime Day,” when the company sells products at deep discounts.
Amazon Web Services, for its part, registered a 28% increase in sales to $ 12.7 billion.
Bezos is still in a position of “immense power”
James Clayton, a BBC technology reporter, notes that while the replacement is a surprise, remember Jeff Bezos has a fortune of about $ 200,000 millions.
The mogul also owns the airline transportation company Blue Origin and the Washington Post.
Image Source, Getty Images
AWS provides the cloud services that the company provides.
For her part, Creative Strategies analyst Carolina Milanesi said on Twitter that Jassy’s turnout “says a lot”.
“It shows without a doubt that AWS is Thereaftercore of the company. The level of knowledge that Jassy has about the technology, the company and the ecosystem in general is brilliant, ”he wrote on the social network.
But later he added that he does not believe Bezos “has no influence on the future of the company anymore.”
Critics of the company responded to the ad in the same way.
“Don’t be fooled by Amazon. Jeff Bezos is still in the position of enormous power as CEO, ”said Public Citizen, a US-based consumer rights activist group.
“This predatory and insulting monopoly has yet to be completely overhauled.”
Now you can receive notifications from BBC Mundo. Download the new version of our app and activate it so you don’t miss out on our best content.