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- Andy Jassy joined Amazon in 1997 and have become CEO in 2021 when Jeff Bezos stepped down.
- Earlier than changing into CEO, Jassy based Amazon Internet Companies and grew it to a $40 billion enterprise.
- He's overseen a tricky macroeconomic interval as CEO with Amazon inventory plunging 51% in 2022.
Andy Jassy turned Amazon's second CEO in 2021 when the corporate's founder Jeff Bezos stepped down.
Jassy joined Amazon in 1997, the 12 months the corporate went public, in line with his company bio. He held totally different management positions on the firm earlier than founding AWS, the corporate's cloud computing platform, in 2006.
Jassy served as CEO of AWS from 2016 to 2021 and grew the section to a $40 billion enterprise.
Final 12 months, Jassy led the corporate by one of many "tougher macroeconomic years in current reminiscence," he wrote in his 2022 letter to shareholders after Amazon's inventory plunged 51%.
Jassy additionally oversaw the second-largest spherical of Amazon layoffs within the firm's historical past, eliminating 27,000 jobs. Nonetheless, Jassy wrote that he was "optimistic and energized by what lies forward for Amazon."
In his first two years as Amazon CEO, Jassy has added or changed a number of executives within the firm's prime management crew.
He now has 16 direct experiences, together with Rohit Prasad, the chief of Amazon's new AI group. Jassy additionally serves on the Amazon Board of Administrators.
CEO's begin
Jassy has been CEO of Amazon since 2021, when Bezos introduced that he was transitioning to the manager chair of the Amazon Board.
In a letter to workers then, Bezos stated, "Andy is well-known inside the corporate and has been at Amazon virtually so long as I’ve. He will probably be an excellent chief, and he has my full confidence."
Web price
In 2021, Jassy's whole compensation was $212 million together with inventory and a base wage of $175,000. His whole pay dropped to $1.3 million in 2022, together with a base wage of $317,500, in line with an SEC submitting.
The drop was linked to Amazon's declining inventory worth. Jassy owned about 2 million shares of Amazon as of early 2023.
Profession, background
Jassy grew up in Scarsdale, New York. He attended Harvard College and has an MBA from Harvard Enterprise College, in line with LinkedIn.
He labored for the collectibles firm MBI as a venture supervisor earlier than becoming a member of Amazon as a advertising supervisor in 1997. He held a number of roles inside Amazon in each the business-to-business and business-to-consumer areas.
In 2003, Jassy and Bezos developed the thought for AWS, which was launched three years later.
Jassy serves on the Belief of the American Academy of Arts and Sciences, on the Board of Trustees for Rainier Students, and as Chair of Rainier Prep's Board of Administrators. He's additionally a minority proprietor of the NHL crew Seattle Kraken.
Stance on distant work
Amazon's workers and management crew have clashed over distant work insurance policies since Jassy turned CEO. Managers are actually allowed to successfully fireplace workers who fail to adjust to Amazon's return-to-office mandate after months of inside turmoil.
In July, Amazon began forcing workers to relocate close to central "hub" places of work or take a "voluntary resignation," infuriating some employees who had already been requested to return to the workplace at the very least three days per week.
Jassy gave an inside interview in August the place he addressed RTO, after which an inside Slack channel about distant work shortly crammed up with dozens of crucial worker reactions, in line with screenshots obtained by Insider.
Most individuals have been dissatisfied by Jassy's failure to offer clear knowledge on in-office work's advantages. Amazon is infamous for making key data-based choices, however some workers felt the RTO resolution was being made arbitrarily.
"There was no knowledge after we have been deciding to pursue AWS, which was fairly totally different from the remainder of our companies at the moment, that we have been going to achieve success. In reality, most individuals thought it was nuts internally and externally," Jassy stated in the course of the assembly, internally referred to as a "Fishbowl."
"These have been judgment choices by our management crew," Jassy continued. "And that’s what's occurred right here. As a management crew, we've determined that we’ll be higher for patrons and for our enterprise being within the workplace."
Management type
On the time of his promotion to CEO, he was thought of an "genuine, real, empathetic" boss, firm insiders stated.
"He doesn't undergo foolishness," Scott Chancellor, a former AWS stated.
Present and former AWS workers additionally informed Insider that Jassy has operated with virtually full autonomy at Amazon previous to changing into CEO.
"Jeff has allowed Andy to do his job with out anyone trying over his shoulder," one former senior-level worker stated. "It's 100% Andy's present. Jeff doesn’t inform Andy what to do. … They're virtually side-by-side on the org chart."
Avery Hartmans contributed to an earlier model of this report.
