As those businesses grew up, many never bought their own servers or storage arrays, instead relying on Amazon for all of their data center needs. When AWS began rolling out services in 2006, the focus was on providing cloud storage and compute capacity, mostly to smaller tech companies and teams of developers.
In recent years, more AWS contracts have come public, as companies like Pinterest, Slack, Lyft and Snowflake held their IPOs and had to disclose their heavy cloud spending. Along the way, he's won business from the Central Intelligence Agency and Democratic National Committee. He trimmed his holdings from just over 100,000 shares last year.Ĭritical to Jassy's success has been his ability to attract all types of businesses and organizations to AWS products, offering services for the smallest of start-ups and the world's largest enterprises, like Apple. He owns about 85,000 shares, valued at $287.3 million as of Tuesday's close. "That was 23 years ago of course and the statute of limitations has probably expired," he quipped.Īmazon paid Jassy a total of $348,809 in 2019, down from $19.7 million in 2018, when he received over $19 million in stock awards, according to the company's most recent proxy statement. In an interview last fall, he said that his wife and he agreed they'd move to the west coast to be closer to her family for a few years and then move back to New York. He then went straight to Amazon and never left. Jassy graduated from Harvard University in 1990 and from Harvard Business School in 1997. In September, a column in the Washington Post, which Bezos owns, called Jassy the "clear heir apparent" to Bezos. While he's been head of AWS since its inception, Bezos elevated him by giving him the title of AWS CEO in 2016. Jassy, 53, is a member of Bezos' elite group of executives called the S-team. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Am excited for what lies ahead.Best Debt Consolidation Loans for Bad Credit We have a lot more to invent for customers, and we have a very strong leadership team and group of builders to go make it happen. “That’s going to substantially change in the coming years. Less than 5% of the global IT spend is in the cloud at this point. “With a $51B revenue run rate that’s growing 28% YoY (these were the Q4 2020 numbers we last publicly shared), it’s easy to forget that AWS is still in the very early stages of what’s possible. “And, having been in such a senior role at AWS for 11 years, he knows our culture and business well. “Adam brings strong judgment, customer obsession, team building, demand generation, and CEO experience to an already very strong AWS leadership team,” Jassy’s memo read. READ MORE: Who is Amazon’s new CEO Andy Jassy? While Selipsky will officially return to Amazon on May 17, there will be a crossover transition period before Jassy takes over from Bezos in the third quarter.ĪWS is an increasingly vital part of Amazon’s operations and remains the dominant force in the market, representing an estimated 45 per cent. However, Selipsky is no stranger to Amazon or AWS, having spent more than a decade with the company acting as vice president for sales, marketing and support before leaving for Tableau.
#Who will succeed andy jassy software#
Selipsky currently runs data-visualisation software maker Tableau, owned by Salesforce, and is credited with quadrupling its value since joining in 2016. Amazon has appointed its former executive Adam Selipsky to head up its cloud computing arm Amazon Web Services (AWS) replacing Andy Jassy.įollowing the announcement that AWS’ current head Jassy will replace Jeff Bezos as Amazon chief executive last month, Selipsky has now been confirmed as his successor in a memo sent to staff.
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