Who is Andy Jassy, the new CEO of Amazon
Who is Andy Jassy
Jeff Bezos' successor has been with Amazon since 1997. Since 2006 he has led Amazon Web Services, a unit of the company that made $ 45 billion last year
Andy Jassy, CEO of Amazon (photo press office) A company with a market value of 1,700 billion dollars, a turnover of 386 billion dollars in 2020, with 1.3 million employees of which 500,000 hired last year to manage hundreds of millions of products sold in ecommerce, in addition to cloud services and streaming content: these are just some numbers that trace the profile of Amazon, led since 1994 by its founder Jeff Bezos who today hands the helm of the company into the hands of Andy Jassy, a trusted collaborator and CEO of Amazon Web Services, a unit he has headed since 2006, the year of its launch.The beginnings
And to think that (almost) everything started with a stroke of the oar of kayaks overhead. What Andy Jassy accidentally dealt to Jeff Bezos at a corporate event. It was the 1990s and the recent graduate Jassy had only recently been part of the company. After leaving Harvard business school on Friday, he was already at Amazon the following Monday, with no idea what his job would be like in the future. Born 53 years ago in Scarsdale in upstate New York, he moved across the country to Seattle. At that time Amazon was only dealing with books (2.5 million articles) and was preparing to land on the stock exchange at 1.5 dollars per share, for a value of 438 million. Today a share is worth $ 3,510.Decisive years, in which the foundations were already being laid for what is happening in these months. In September 2000 Bezos founded Blue Origin, which will take him into orbit aboard a rocket on 20 July, ushering in a new era of space travel. Jassy meanwhile became Bezos' technical consultant, following him in every meeting. In that same year he was tasked with evaluating the possibility of Amazon hosting web services for other companies and websites. It was the embryonic idea of Amazon Web Services. The first product saw the light in 2006 and had a turnover of over 45.3 billion dollars in 2020, with the aim of reaching 50 billion this year.
The boom of the cloud At the helm of AWS, in these 15 years there has always been him, Andy Jassy, who started with 57 collaborators in 2006. The unit recorded an operating profit of 13.5 billion dollars in 2020, occupying a third of the global market in cloud services. The change of hands at the helm of Amazon now takes place on a symbolic date, for Bezos: July 5 is the day the company was born, 27 years ago. The founder will remain executive president, with a decisive role for future irreversible decisions. He will take care of Amazon, to transform it into the "best employer in the world", with a particular focus on employee safety, Bezos said in his latest letter.
The challenges ahead
Telemedicine and satellite internet are some of the new projects the company could focus on in the coming years. Amazon Care telehealth has a team of clinicians built around the needs of each family, and in the Seattle area already provides home visits by nurses and prescription delivery, with 24/7 assistance. The Kuiper project, on the other hand, is under construction and plans to launch a constellation of satellites that will provide broadband internet connectivity for communities that are difficult to "light" by the signal. Jassy has already expressed a willingness to accelerate Amazon's commitment to India, aiming to raise 1 million merchants by 2025 on the platform and provide venture investments of $ 250 million in startups, agricultural and healthcare solutions.
Jassy's is described as a driving style focused on attention to detail and with a moderate disposition. Qualities that will serve in the relationship with government and control authorities. Amazon recently asked to recuse Lina Khan, the new head of the American Antitrust who promises a crackdown on big tech, while in Europe it risks a 425 million euro fine for Gdpr violations, the Antitrust has put the its dual role as merchant and ecommerce and the Privacy Guarantor wants to be clear on data transfer related to cloud services.
As a new guide for Amazon, Jassy has received 61 thousand shares worth 214 million dollars, in addition to 0.02% of shares already in its possession for a value of 300 million dollars.
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Topics
Amazon Digital business Ecommerce Jeff Bezos globalData.fldTopic = "Amazon, Digital business, Ecommerce, Jeff Bezos "
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
The challenges ahead
Telemedicine and satellite internet are some of the new projects the company could focus on in the coming years. Amazon Care telehealth has a team of clinicians built around the needs of each family, and in the Seattle area already provides home visits by nurses and prescription delivery, with 24/7 assistance. The Kuiper project, on the other hand, is under construction and plans to launch a constellation of satellites that will provide broadband internet connectivity for communities that are difficult to "light" by the signal. Jassy has already expressed a willingness to accelerate Amazon's commitment to India, aiming to raise 1 million merchants by 2025 on the platform and provide venture investments of $ 250 million in startups, agricultural and healthcare solutions.Jassy's is described as a driving style focused on attention to detail and with a moderate disposition. Qualities that will serve in the relationship with government and control authorities. Amazon recently asked to recuse Lina Khan, the new head of the American Antitrust who promises a crackdown on big tech, while in Europe it risks a 425 million euro fine for Gdpr violations, the Antitrust has put the its dual role as merchant and ecommerce and the Privacy Guarantor wants to be clear on data transfer related to cloud services.
As a new guide for Amazon, Jassy has received 61 thousand shares worth 214 million dollars, in addition to 0.02% of shares already in its possession for a value of 300 million dollars.
Finance - 2 Jul
The app of the Gamestop phenomenon wants to land on the Stock Exchange
Head to head between Richard Branson and Jeff Bezos who flies first into space
130 States Agree on a Global Minimum Tax
Topics
Amazon Digital business Ecommerce Jeff Bezos globalData.fldTopic = "Amazon, Digital business, Ecommerce, Jeff Bezos "
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
