Andy Jassy, ​​CEO of Amazon Web Services – considered the “father” of cloud computing – will be the new CEO of parent company Amazon.com when founder Jeff Bezos steps down in the third quarter.

Amazon announced this in its fourth quarter earnings report released today after the market close bell.

“Those of us who know Andy are excited to see him take on this greater responsibility,” said Brian Olsavsky, Amazon’s chief financial officer, during an earnings meeting with analysts. “He’s a visionary leader, a great operator, and he understands what.” makes Amazon a particularly innovative company. He has a great track record of developing several things and businesses within Amazon, not least AWS, arguably the world’s most profitable major tech company. Andy has the chance to do his imprint on Amazon. He will surely enforce the culture and vision and invention factor that Amazon is and will …

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