Last month, Amazon founder Jeff Bezos announced that Andy Jassy, the CEO of Amazon Web Services (AWS), would take over as CEO of the e-commerce giant. from July 5th. Today (July 5th) Bezos will step down as Amazon CEO and Jassy will take over leadership of Amazon.
Andy Jassy, who joined Amazon in 1997 as Marketing Manager and made his cloud arm Amazon Web Services (AWS) a clear market leader, will take on the position of CEO of Amazon. In 2003, Jassy founded Amazon Web Services (AWS) with a team of 57 employees and was promoted from Senior Vice President to CEO of AWS in April 2016. Today, AWS has an annual execution rate of nearly $ 50 billion and is growing exponentially, the IANS news agency reported.
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“If you take AWS as an example, growing $ 46 billion in revenue with 29 percent year-over-year growth over the past 12 months meant an additional $ 10 billion to get there; much bigger than that You’ll see them elsewhere in the cloud, ”Jassy said in December during the annual Re: Invent conference.
“It took us 123 months, or just over 10 years, to grow into a $ 10 billion company. Then it took us 23 months to go from $ 10 billion to $ 20 billion and 13 months to go from $ 20 billion to $ 30 billion And then only 12 months to go from $ 30 billion to $ 40 billion, “he was quoted by IANS as saying.
Born January 13, 1968, Jassy graduated from Harvard College, where he was advertising manager for The Harvard Crimson before earning an MBA from Harvard Business School. He is also one of the minority owners of the Seattle Kraken in the National Hockey League.
According to the IANS report, India is one of the fastest growing markets for him. In 2018, he said the Asia Pacific region has tremendous potential to be the next growth story for Amazon Web Services (AWS), with India playing a key role in cloud adoption for businesses and governments alike.
Bezos, who built an online bookstore into a $ 1.7 trillion tech empire reaching into space, announced in February that he will be stepping down as CEO at the height of his career to focus on innovation.