Founder Jeff Bezos announced that he is stepping down from his position as CEO. The announcement comes after a year in which Amazon achieved record sales and earnings.
Bezos, who will continue to serve as Executive Chairman of the company, will hand over the reins to Andy Jassy, Head of Amazon Web Services. Amazon’s AWS cloud computing platform has seen explosive growth under Jassy’s leadership.
Here are 5 things you should know about new Amazon CEO Andy Jassy:
He helped create Amazon Web Services
Jassy founded Amazon’s cloud computing platform prior to its official launch in 2006, and later became CEO of AWS in 2016. Since its inception, AWS has grown into a giant in the cloud computing space and now accounts for 59% of Amazon’s total bottom line.
Amazon’s cloud platform is one of the most important technological innovations of the 21st century. Big companies like Netflix NFLX,