Jeff Bezos moves from Amazon CEO to AWS Director Andy Jassy

The founder of Amazon CEO, Jeff Bezos is stepping down as CEO of Amazon Web Services (AWS), Andy Jassy, who has worked at the company for more than 23 years. With the move, Bezos takes over the board. The announcement was made on Tuesday (02), in a statement addressed to Amazon employees.

According to Bezos, the leadership transition will take place in the third quarter of 2021. As a board member, Bezos intends to focus its energies on new products and initial initiatives. “Andy is well known and has been on Amazon for almost as long as I have. He will be a remarkable leader and he has all my confidence ”, he says.

Bezos explains that Amazon’s CEO position is exhausting and requires extreme responsibility and is leaving, therefore, it needs to invest more time in new products, new initiatives, in the “Fund of the Day 1”, in the Bezos Earth Fund, in Blue Origin and even in the newspaper The Washington Post, bought by Amazon in 2013.

“I am excited about this transition. Being the CEO of Amazon is a deep and exhausting responsibility. When you have a responsibility like that, it’s hard to focus on anything else. I will continue to be involved in important Amazon initiatives, but I will also have the time and energy I need to focus on the Day 1 Fund, Bezos Earth Fund, Blue Origin, The Washington Post and my other passions”Writes Bezos.

Who is Andy Jassy?

Member of the National Security Commission for Artificial Intelligence (NSCAI), the new CEO of Amazon, Andy Jassy, ​​started working at Amazon in 1997 and six years later, in 2003, he became CEO of AWS, a position he will hold until the moment of the transition.

Andy is known in the market for making AWS grow significantly during his tenure. According to Wired, in 2014, AWS reported revenue of $ 4.6 billion. Amazon’s internet services division continued to grow and closed last year with $ 45 billion in revenue ($ 32 billion more than revenue from Google’s internet and cloud services).

During his years of management as director of AWS, Jassy has entered into valuable cloud services contracts with the U.S. government, mainly the $ 600 million contract with the US Intelligence Agency (CIA) in 2013. Since then, AWS has become one of the leading companies providing internet services to the U.S. government.

Wired explains that Jassy’s transition to the position of Amazon’s CEO is a clear indicator that AWS’s operation must be made even more important than it already is.

Sources: Amazon; Wired.