Adios Jeff Bezos: Meet Andy Jassy, tech wizard who will replace Amazon CEO Jeff

Adios Jeff Bezos: Meet Andy Jassy, tech wizard who will replace Amazon CEO Jeff

The surprise news came as Amazon released its financial results for its fourth quarter that ended December 31, 2020.

In a surprising development, Amazon founder Jeff Bezos has announced that he will step down as the Chief Executive of the company he built from a startup into a multi-billion dollar firm. The new York Times reported that Bezos will transition to the role of executive chairman in the third quarter of 2021.

Bezos will be replaced by Andy Jassy, CEO of Amazon Web Services, the company’s cloud computing business. It is to be noted that Bezos is the biggest shareholder of Amazon and he would continue to wield influence over the e-commerce major.

The surprise news came as Amazon released its financial results for its fourth quarter that ended December 31, 2020. The company recorded $100 billion in sales for last three months of 2020. It is one of the few companies that thrived during the coronavirus pandemic.

Adios Jeff Bezos: Meet Andy Jassy, tech wizard who will replace Amazon CEO Jeff
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In a surprising development, Amazon founder Jeff Bezos has announced that he will step down as the Chief Executive of the company he built from a startup into a multi-billion dollar firm. The new York Times reported that Bezos will transition to the role of executive chairman in the third quarter of 2021.

Bezos will be replaced by Andy Jassy, CEO of Amazon Web Services, the company’s cloud computing business. It is to be noted that Bezos is the biggest shareholder of Amazon and he would continue to wield influence over the e-commerce major.

The surprise news came as Amazon released its financial results for its fourth quarter that ended December 31, 2020. The company recorded $100 billion in sales for last three months of 2020. It is one of the few companies that thrived during the coronavirus pandemic.

Adios Jeff Bezos: Meet Andy Jassy, tech wizard who will replace Amazon CEO Jeff
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Who is Andy Jassy?

Andy Jassy heads the cloud-computing business of Amazon and have been working at the company since 1997. Jassy has completed his MBA from the Harvard Business School.

While speaking at a Harvard Business School podcast in September, Jassy said, “I took my last final exam at HBS, the first Friday of May in 1997 and I started Amazon next Monday. No, I didn’t know what my job was going to be, or what my title was going to be. It was super important to the Amazon people that we come that Monday.”

Adios Jeff Bezos: Meet Andy Jassy, tech wizard who will replace Amazon CEO Jeff
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Jassy is married to Elana Rochelle Caplan and has two children. Reuters reported that Jassy is sports and music fan.

Jassy is credited with establishingthe Amazon’s AWS, Amazon’s cloud service platform, in 2016. The platform is used by millions of businesses across the world. AWS has now emerged as a direct competitor for Microsoft Corp’s Azure and Alphabet Inc’s Google Cloud. Jassy's cloud-computing business powers popular video-streaming site Netflix and many other companies. Jassy has an impeccable grasp over technology and he is a very seasoned executive, said Gartner analyst Ed Anderson said.

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