Amazon’s new chief executive officer (CEO) Andy Jassy has been a trusted lieutenant to founder Jeff Bezos since the web colossus’s early days, but he’s taking over a company facing new scrutiny for its growing influence. in multiple markets.
Jassy was just 29 when she joined Amazon in 1997, three years after Bezos started a then modest business out of his Seattle garage.
With an MBA graduation in hand, Jassy left the prestigious Harvard Business School “on the first Friday in May 1997 and started at Amazon the following Monday,” he detailed to the Disruptive Voice podcast in September.
Jassy’s arrival came just before Amazon issued an initial public offering of shares at $ 18 and listed the company as a simple “online bookstore.” Today its shares are trading for around $ 3,500.
The group, of course, has since become a colossus of the US and global economies, selling everything from cloud computing services to groceries to film production.
Jassy has played a key role in that ambitious diversification. In particular, he helped found Amazon Web Services (AWS) in 2003 and has managed it ever since.
Cloud computing services provided by AWS are not particularly well known to the general public, but they have become one of Amazon’s most profitable divisions, dominating the global market ahead of other giants such as Microsoft and Google.
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“We believe this succession was well planned and we anticipate a smooth transition,” Standard & Poor Global Ratings (S&P) said in an analyst note. “Jassy has a solid track record,” he said.
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