Andrew R. Jassey or Andy Jassy will replace Jeff Bezos as the new Amazon CEO. Andy is one of the long-term Amazon employees and currently the CEO of Amazon Web Services (AWS).
“I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO,” Jeff Bezos announced in a letter to employees. It means Jassy will replace Bezos later in 2021. So here is everything we know about Andy Jassy, the new Amazon CEO.
Who Is Andy Jassy?
Andy is a Harvard Business School graduate who joined Amazon in 1997. His career growth became prominent when he founded Amazon Web Services (AWS) in 2003. He started the service with a team of 57 people and built a $6 billion business model in less than a decade.
He was promoted from Senior VP to the CEO of AWS in April 2016. Following this, he made a total of $35.61 million in 2016, which was way higher than the $1.7 million made by Jeff Bezos, the current Amazon CEO. No wonder he is now Jeff Bezos’ successor.
Andy Jassy’s Life Outside Amazon
Aside from his life at Amazon, Andy Jassy is a commissioner for the National Security Commission on Artificial Intelligence (NSCAI). He also holds the chair at the board of directors at Rainier Prep, which is a middle school with a focus on college preparation for students.
The new Amazon CEO is also a sports fan and one of the owners of an ice hockey team, Seattle Kraken. Andy has often taken it to social media in support of LGBTQ and BLM. He has also been vocal about police brutality in cases like that of Breonna Taylor.
Company’s Future Under The New Amazon CEO
Andy Jassy’s track record for explosive profits isn’t hidden from anyone. He made AWS the most profitable arm of Amazon’s business model in less than a decade. Here is an excerpt from Mr. Jassy’s December 2020 speech that’ll help you better understand his take on the business.
You want to be reinventing when you are healthy, you want to be reinventing all the time. You have got to be maniacal and relentless and tenacious about getting to the truth… You have to know what’s working and what’s not working.”Andy Jassy, AWS CEO
We might see a series of changes in the way Amazon does business as Jassy transitions to Amazon CEO.
FAQ’s About Andy Jassy
What Is Andy Jassy Net Worth?
As per estimates from November 2020, Andy Jassy's net worth is $394 million. He owns over 2,791 units of Amazon stock worth over $280 million.
What do we know about Andy Jassy's personal life?
Andy Jassy is married to Elana Rochelle Caplan, a fashion designer. He lives in Seattle with his wife and two children.
What Is AWS?
AWS or Amazon Web Services is a cloud-computing solution from Amazon. It currently offers 200 fully-featured services around the world.
When Will Andy Jassy Replace Jeff Bezos As Amazon CEO?
According to a letter from Bezos to Amazon employees, Andy Jassy will replace Jeff Bezos as Amazon CEO in the third quarter of 2021.
What Will Be Jeff Bezos' New Position At Amazon?
Jeff Bezos will step down from the position of Amazon CEO and assume the position of Executive Chairman of Amazon's board.