Who is Andy Jassy to be chosen as the next CEO of Amazon?

Fifteen years is the time Jassy has spent transforming Amazon, turning it from an ecommerce giant into a highly profitable tech company, creating and then dominating the cloud infrastructure market. global cloud.

Now, that man is about to become the CEO of the third most valuable company in the US after Apple and Microsoft. On Feb. 2, Amazon founder Jeff Bezos said Jassy would succeed him as the company’s CEO after he left the position in the third quarter of this year. As such, Jassy will become Amazon’s second CEO in its 27-year history.

Jassy, ​​53, is one of Bezos’ elite leadership team known as the S-team. Although the head of Amazon’s cloud computing division since its inception, it was not until 2016 that Bezos officially gave Jassy a title as chief executive of the cloud computing division. In September 2020, Bezos called Jassy his “obvious successor”.

Jassy graduated from Harvard in 1990 and Harvard Business School in 1997. After that, he joined Amazon and never left. In an interview last fall, Jassy shared that he and his wife had moved to the west coast to give his wife a chance to be close to her family for several years before moving back to New York. “It happened 23 years ago and the deadline is probably over,” says Jassy.

Amazon paid Jassy a total of $ 348,809 in 2019, down from $ 19.7 million in 2018 when he received more than $ 19 million in stock bonuses. In addition, Jassy also owns about 85,000 Amazon shares worth about $ 287.3 million at the closing price of February 2. Jassy shares are now down from more than 100,000 shares last year.

Key to Jassy’s success is his ability to attract different types of businesses and organizations to the cloud services Amazon offers. Even the smallest startups to the world’s largest businesses like Apple can use Amazon’s services. Even this man also won a contract from the US Central Intelligence Agency and the Democratic National Committee.

In recent years, many AWS contracts have gone public as businesses like Pinterest, Slack, Lyft, and Snowflake apply for IPOs. As a rule, they need to disclose major spending in the cloud computing sector and from there, Amazon is present.

When AWS started rolling out services in 2006, it was in their mind to provide storage and computation in the cloud. Their customers are mainly smaller technology companies and application development teams. As these businesses grew up, many of them never bought their own servers or storage. Instead, they rely on Amazon for all of their data center needs.

At a time when Microsoft was serious about Azure and Google started investing heavily in its cloud platform, Jassy built himself a foundation that has thus far become an insurmountable lead.

As of mid-2020, Amazon controls 33% of the global cloud infrastructure services market, followed by Microsoft with 18% and Google with 9%. On 2/2, Amazon said cloud computing revenue in the fourth quarter increased 28% to 12.7 billion USD. The profit of the business in this area jumped 37% to $ 3.56 billion, accounting for 52% of the total profit of the Amazon business.

In recent years, cloud computing has expanded beyond computing and storage. Instead, it offers a variety of different services on its infrastructure, including databases, analytics tools, content delivery, and machine learning software. That makes Amazon a fierce competitor to companies like Oracle and emerging ones like Snowflake.

In the cloud computing community, Jassy is considered a big name with a voice. In industry conferences, this man is known for his splendid speeches and concrete illustrations. In 2016, Jassy brought an 18-wheeled truck called Snowmobile to demonstrate how AWS could transfer the central data of an enterprise into Amazon’s cloud.

In his role, Jassy was trusted to become the next CEO of Amazon later this year when Bezos moved on as the company’s executive chairman. The announcement comes less than half a year after Jeff Wilke, who is not in charge of Amazon’s global consumer business and also the head of the Bezos successor list, announced his retirement.

The selection of the cloud leader to become Amazon’s new leader partly reflects the direction of the e-commerce giant in the future.