![]() But for much of the last decade he’s been. Andy Jassy, formerly chief executive officer of Amazon Web Services, is Amazons new CEO. Jassy has been at Amazon since 1997, nearly as long as Bezos himself. Chief Executive Officer Andy Jassy cuts a low profile outside of the wonky world of cloud computing. AWS' thousands of clients include Capital One, Coca-Cola, Intuit and Netflix. He will leave the company which passed the 1 trillion market cap threshold to Andy Jassy, Amazons top cloud executive. The cloud-computing service made up just 12% of Amazon's sales last year, but accounted for more than half of the company's profit. That jump has boosted Bezos' personal fortune, making him the second-wealthiest person in the world, with a net worth of $188 billion, according to the Bloomberg Billionaires Index.Īs head of AWS, Jassy helms an increasingly important part of Amazon's business. ![]() Amazon added half a million new employees last year, highlighting the company's explosive growth, and its profit nearly doubled to more than $21 billion.Īmazon's stock has soared 60% from a year ago. A surge in online shopping during the coronavirus pandemic drove up the company's sales 37%, to $386 billion, the company reported on Tuesday. The management shuffle comes as Amazon announced blockbuster earnings for 2020. Jeff Bezos in a letter to employees at Amazon announced starting this third quarter he will no longer be the CEO of Amazon. Will running a 1.75 trillion companyin the midst of a. Jeff Bezos’s handpicked successor wants the world to know he is humble and understated. Michael Pachter of Wedbush Securities told investors that "we expect him to continue to be integrally involved in company strategy." Andy Jassy, Amazon’s New CEO, Enters the Ring.
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