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Andy Jassy is set to take over the reins of Amazon after Jeff Bezos announced on Tuesday that he would step down as CEO of his e-commerce empire.
Jassy, 53, started with the company as a marketing manager in 1997 – just three years after it was founded by Bezos – and over the following decades helped build Amazon into a profitable tech company.
Jassy was rumored to be a potential successor to Bezos.
His rise as CEO will only take place in the third quarter of 2021, when Bezos, 57, will then become executive chairman of Amazon’s board.
Here’s what you need to know about the Inbound Amazon Head.
What was Andy Jassy’s role at Amazon before his promotion?
Jassy currently heads the company’s cloud computing arm, Amazon Web Services, which provides a range of online services for businesses.
A graduate of Harvard Business School, Jassy founded AWS in 2003 and became its CEO in 2016.
Under Jassy’s leadership, the division has grown into a cloud platform used by millions of people, signing important clients including Verizon, McDonald’s and Honeywell.
The service competes with Azure from Microsoft Corp and Google Cloud from Alphabet Inc.
It grossed $ 12.7 billion in the last quarter, up 28% from a year ago.
Amazon has yet to announce who will replace Jassy at AWS.
What is Andy Jassy’s salary and net worth?
Jassy received a total of $ 348,809 in 2019, according to Amazon’s most recent proxy statements.
He owns about 85,000 shares of the company, valued at $ 287.3 million on Tuesday, according to CNBC.
His net worth was estimated at $ 394 million as of November 2020.
What is Andy Jassy’s relationship with Jeff Bezos?
In Amazon’s early years, Jassy would have played the role of “Jeff Bezos’s Shadow”.
That position kept him alongside Bezos on a day-to-day basis as the two investigated the company and headed for AWS development, according to a Forbes profile of Jassy in 2015.
In his statement on Tuesday, Bezos said Jassy was “well known within the company and was at Amazon almost as long as I have been.”
“He will be an exceptional leader and he has my full confidence,” Bezos said.
What is Andy Jassy’s background?
Jassy grew up in Scarsdale and attended Scarsdale High School.
Her father, Everett L. Jassy, was a senior partner at Dewey Ballantine, a leading New York-based business law firm.
Jassy graduated from Harvard College and then received his MBA from Ivy’s Business School.
He has been married to Elana Rochelle Caplan since 1997. The couple have two children and live in Seattle.
A self-proclaimed music and sports fan, Jassy is also a minority owner of the NHL’s Seattle Kraken.
With pole wires
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