Who ceo of amazon?
Description Andrew R. Jassy is an American business executive who is the president and chief executive officer of Amazon. Before being appointed by Jeff Bezos and the Amazon board during the fourth quarter of 2020, Jassy served as the SVP and later as the CEO of Amazon Web Services from 2003 to 2021. Wikipedia
It is difficult to describe Amazon’s future. President and CEO of Amazon, Andy Jassy, just wrote an 11-page letter to shareholders outlining his vision for the company. He expressed confidence that he will get costs under control and shared bold new ideas that give readers a sense of optimism. This positive outlook is infectious, and his attention to future opportunities is exciting.
Jassy, 55, took over from Jeff Bezos in 2021. His open letter presented a vision for what Amazon will look like in the future and how his leadership team will manage it all. Jassy’s focus is on unproven businesses like Kulper Internet Satellite; he described this venture as an example of Amazon innovating for customers over the long term in an area where there is high customer need. His vision for Kulper is to create a low Earth orbit satellite system to deliver high-quality broadband internet service to places around the world that don’t currently have it. He also spoke about the importance of applying machine learning in many ways. Amazon is now working on its own language model.
Jassy addressed the introduction of Bedrock, a service that gives developers access to LLMs (large language models) from Amazon and other startups, so they can build their own generative AI tools. It was introduced last Thursday. One of Amazon’s language models, called Titan, can generate text for blog posts.
The letter did more than talk about new business ideas. One of the most important guidelines that Jassy described in his letter was a series of four questions that each manager must address before proposing new business ideas. They are:
1. If we are successful, could it be big and have a reasonable return on invested capital?
2. Is the opportunity being well-served today?
3. Do we have a different approach?
4. Do we have the competence in that area? And if not, can we acquire it quickly?
Jassy says if management likes the answers to those questions, then they will invest. This process has led to some expansions that seem straightforward, and others that some folks might not have initially expected to see.
Jassy went on to explain that the future will also reflect evolving existing businesses. Healthcare is an area that started with pharmacies. Started in 2020, it is today a full-service on-line pharmacy business that is growing quickly. It continues to innovate. Recently Amazon Pharmacy launched RxPass, which for a $5 per month flat fee enables Prime members to get many of the eligible prescription medications they need for dozens of common conditions (including like high blood pressure, acid reflux, and anxiety).
Andrew R. Jassy (born January 13, 1968) is an American business executive who is the president and chief executive officer (CEO) of Amazon. Before being appointed by Jeff Bezos and the Amazon board during the fourth quarter of 2020, Jassy served as the SVP and later as the CEO of Amazon Web Services from 2003 to 2021.
Jassy is the son of Margery and Everett L. Jassy of Scarsdale, New York. Jewish with Hungarian ancestry, his father was a senior partner in the corporate law firm Dewey Ballantine in New York City, and chairman of the firm's management committee. Jassy grew up in Scarsdale, and attended Scarsdale High School, where he played varsity soccer and tennis.
Jassy graduated cum laude from Harvard College in government, where he was advertising manager of The Harvard Crimson, before earning an MBA from Harvard Business School. In 1989, he wrote in The Crimson that the newspaper should continue to publish advertisements from Eastern Air Lines, despite an ongoing labor dispute there.
Jassy worked for five years after graduation before entering his MBA program as a project manager for a collectibles company, MBI, and then he and an MBI colleague started a company and closed it down.
Jassy joined Amazon as a marketing manager in 1997 with several other Harvard MBA colleagues. In 2003, he and Jeff Bezos came up with the idea to create the cloud computing platform that became known as Amazon Web Services, which launched in 2006. Jassy headed it and its team of 57 people.
In 2016, Jassy was named Person of the Year by the Financial Times. A month later, Jassy was promoted from senior vice president to chief executive officer of Amazon Web Services. That year Jassy earned $36.6 million.
For his work as chief executive officer of Amazon Web Services, Jassy earned a base compensation of $175,000 in 2020, plus a restricted stock unit award of 4,023 shares (a value of $12,104,844.93 as of July 26, 2020) of Amazon with vesting beginning in 2023. He also received a restricted stock unit award in April 2018 for 10,000 shares (a value of $30,089,100 as of July 26, 2020), which vest 37.5% in 2021, 12.5% in 2022, 37.5% in 2023, and 12.5% in 2024.
In January 2021, Bezos designated Jassy his official successor as CEO; with the transition occurring on July 5, 2021. During his first year running Amazon, he received a pay package of $212.7 million, a substantial increase from his 2020 compensation.
In 1997, Jassy married Elana Rochelle Caplan, a fashion designer for Eddie Bauer and graduate of the Philadelphia College of Textiles and Science, at a Loews Hotel in Santa Monica, California. Their wedding was officiated by New York Rabbi James Brandt, a cousin of Elana. Both their fathers were senior partners in law firm Dewey Ballantine. Jassy and Caplan have two children.
They live in the Capitol Hill neighborhood of Seattle in a 10,000-square-foot house bought in 2009 for $3.1 million. In October 2020, it was reported that Jassy had bought a $6.7 million 5,500-square-foot house in Santa Monica.
He is chairman of Rainier Prep, a charter school in Seattle.
