AWS’s Andy Jassy to take the reins of Amazon.com CEO on July 5
Andy Jassy will officially begin as the new CEO of Amazon.com on July 5, replacing founder Jeff Bezos, who told company shareholders today that he will step down that day.
“We chose this date because it’s sentimental to me: the day Amazon was incorporated in 1994, exactly 27 years ago,” Bezos said today at Amazon’s annual virtual shareholders meeting. based in Seattle.
Bezos will become executive chairman of Amazon’s board under plans first unveiled in February. Amazon then announced that Jassy – CEO of Amazon Web Services, Amazon’s cloud computing business, since its launch in 2006 – would replace Bezos at an unspecified date in the third quarter. Jassy has worked for Amazon since 1997, joining Harvard Business School directly.
“Andy is well known within the company and has worked at Amazon for almost as long as I have,” Bezos said. “He is going to be an exceptional leader and he has my full confidence.”
Amazon announced in March that Adam Selipsky, formerly of AWS and then CEO of Tableau Software, also a Seattle-based company, would be the new CEO of AWS. Selipsky started at AWS on May 17th and follows Jassy until order changes.
Selipsky started at AWS in 2005 and had served as Vice President of Marketing, Sales, and Support – a COO role – until he moved to Tableau in 2016.
Bezos, in his annual letter to shareholders on April 15, said he would focus on new initiatives as executive chairman.
“I am an inventor,” he says. “It’s what I love the most and what I do best. This is where I create the most value. “