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Amazon gets new CEO: 5 things to know about Andy Jassy

Amazon CEO Jeff Bezos announced today that he will step down as the Chief Executive Officer of the company.

twitter-logoAnkita Chakravarti | February 3, 2021 | Updated 15:32 IST

Highlights

  • Jeff Bezos announced today that he will step down as the Chief Executive Officer of the company.
  • The head of Amazon Web Services, Andy Jassy will take now take over as the new CEO of Amazon.
  • He will take care of all operations related to Amazon and Bezos will now focus on new products and initiatives.

Amazon CEO Jeff Bezos announced today that he will step down as the Chief Executive Officer of the company. While he took over as the executive chairman of the company, Amazon got a new CEO. The head of Amazon Web Services, Andy Jassy will take now take over as the new CEO of Amazon. He will take care of all operations related to Amazon and Bezos will now focus on new products and initiatives.

Announcing Jassy as his successor, Jeff Bezos in his letter to his employees had said, "I'm excited to announce that this Q3 I'll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO. In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives. Andy is well known inside the company and has been at Amazon almost as long as I have. He will be an outstanding leader, and he has my full confidence."

Here are some of the things you need to know about Andy Jassy

Andy Jassy founded Amazon's AWS, Amazon's cloud service platform in 2006.

The AWS started by Jassy provides on-demand cloud computing platforms and APIs to individuals, companies, and governments. The service competes with Microsoft Corp's Azure and Alphabet Inc's Google Cloud.

Andy Jassy joined Amazon in 1997 as the project manager.Jassy, who heads one of the most important divisions in Amazon, joined the company in 1997 right after completing his graduation. "I took my last final exam at HBS, the first Friday of May in 1997 and I started Amazon next Monday. No, I didn't know what my job was going to be, or what my title was going to be. It was super important to the Amazon people that we come that Monday," Jassy said in a Harvard Business School podcast as per Reuters.

Jassy is 53-years old and is married to Elana Rochelle Caplan. He is a father to two kids and lives in Seattle, US.

Jassy is an avid sports aficionado and is a part-owner of the new Seattle National Hockey League franchise, the Kraken

"Andy brings the first principles thinking that has always been a part of what's made Amazon successful -- deeply trying to understand the end customer, creating building blocks by which other people can build and then being good at rapidly iterating," said Matt McIlwain, a managing director with Madrona Venture Group in Seattle, who has closely monitored Amazon's rise told Bloomberg. "He watched how Jeff approached problems. That's very important because they're a lot of things that are deeply embedded in the culture of Amazon," he added.

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