Andy Jassy

Last updated

Andy Jassy
Andy Jassy.jpg
Jassy in 2021
Born (1968-01-13) January 13, 1968 (age 56)
Education Harvard University (BA, MBA)
Known forFounding Amazon Web Services (AWS) and Amazon Music [1] [2]
Title President and CEO of Amazon
TermJuly 2021–present
Predecessor Jeff Bezos
Board member ofAmazon
Spouse
Elana Caplan
​
(m. 1997)​
[3]
Children2 [4]
Website Andy Jassy on Twitter
Signature
Andy Jassy Signature.jpg

Andrew R. Jassy (born January 13, 1968) [5] 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, [6] [7] Jassy had been the SVP and CEO of Amazon Web Services from 2003 to 2021. [8]

Contents

Early life and education

Jassy is the son of Margery and Everett L. Jassy of Scarsdale, New York. [3] Of Jewish [9] [10] Hungarian ancestry, [9] 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. [3] Jassy grew up in Scarsdale, and attended Scarsdale High School, [3] [11] where he played varsity soccer and tennis. [12]

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. [13] [14] [15]

Career

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. [14] [16]

Jassy joined Amazon as a marketing manager in 1997 [12] with several other Harvard MBA colleagues. [16] [14] 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. [17] Jassy headed it and its team of 57 people. [1]

Jassy in 2016 Andy Jassy in 2016.jpg
Jassy in 2016

In 2016, Jassy was named Person of the Year by the Financial Times . [14] A month later, Jassy was promoted from senior vice president to chief executive officer of Amazon Web Services (AWS). [18] [15] That year Jassy earned $36.6 million. [19]

For his work as CEO of AWS, 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 [20] ) 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), [20] which vest 37.5% in 2021, 12.5% in 2022, 37.5% in 2023, and 12.5% in 2024. [21] He was succeeded as CEO of AWS by Adam Selipsky. [22]

In January 2021, Bezos designated Jassy his official successor as CEO; [23] with the transition occurring on July 5, 2021. [24] As CEO of Amazon, Jassy received a ten year pay package totaling $212.7 million. The majority of the compensation package is in stock and vests over 10 years. [25]

In 2024, Andy Jassy continued to lead Amazon as CEO, emphasizing the company's focus on artificial intelligence (AI) and cloud computing. Jassy described AI as "the biggest change since the cloud and possibly the internet," predicting that every customer experience would be reinvented with AI. [26]

Jassy's commitment to AI innovation was evident in Amazon's financial strategy. The company announced plans to spend more than $75 billion on capital expenditures in 2025, with most of that investment directed towards AWS and generative AI. [27] Jassy described this as a "really unusually large, maybe once in a lifetime, type of opportunity". [27] Amazon's overall financial performance under Jassy's leadership remained strong. In Q3 2024, the company reported revenue of $158.9 billion, an 11% increase year-over-year, with operating income surging by 56% to $17.4 billion. [27] [28]

Customer satisfaction remained high during Jassy's tenure. In 2024, Amazon's customer satisfaction score was 83 out of 100 ACSI points, maintaining its position as one of the top-rated companies in the American Customer Satisfaction Index. [29]

Personal life

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. [3] Their wedding was officiated by New York reform Rabbi James Brandt, a cousin of Elana. [30] Both their fathers were senior partners in law firm Dewey Ballantine. [3] Jassy and Caplan have two children. [4]

They live in the Capitol Hill neighborhood of Seattle in a 10,000-square-foot house bought in 2009 for $3.1 million. [2] [31] In October 2020, it was reported that Jassy had bought a $6.7 million 5,500-square-foot house in Santa Monica. [32] [33] [31]

He is chairman of Rainier Prep, a charter school in Seattle. [34]

Related Research Articles

<span class="mw-page-title-main">Amazon (company)</span> American multinational technology company

Amazon.com, Inc., doing business as Amazon, is an American multinational technology company engaged in e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence. Founded in 1994 by Jeff Bezos in Bellevue, Washington, the company originally started as an online marketplace for books but gradually expanded its offerings to include a wide range of product categories, referred to as "The Everything Store". Today, Amazon is considered one of the Big Five American technology companies, the other four being Alphabet, Apple, Meta, and Microsoft.

<span class="mw-page-title-main">Jeff Bezos</span> American businessman (born 1964)

Jeffrey Preston Bezos is an American businessman best known as the founder, executive chairman, and former president and CEO of Amazon, the world's largest e-commerce and cloud computing company. He is the second wealthiest person in the world, with a net worth of US$251 billion as of December 17, 2024, according to Forbes and Bloomberg Billionaires Index. He was the wealthiest person from 2017 to 2021, according to both the Bloomberg Billionaires Index and Forbes. Due to his wealth and extensive influence over media, industry, and government policy, Bezos has sometimes been described as an oligarch.

<span class="mw-page-title-main">Amazon Web Services</span> On-demand cloud computing company

Amazon Web Services, Inc. (AWS) is a subsidiary of Amazon that provides on-demand cloud computing platforms and APIs to individuals, companies, and governments, on a metered, pay-as-you-go basis. Clients will often use this in combination with autoscaling. These cloud computing web services provide various services related to networking, compute, storage, middleware, IoT and other processing capacity, as well as software tools via AWS server farms. This frees clients from managing, scaling, and patching hardware and operating systems. One of the foundational services is Amazon Elastic Compute Cloud (EC2), which allows users to have at their disposal a virtual cluster of computers, with extremely high availability, which can be interacted with over the internet via REST APIs, a CLI or the AWS console. AWS's virtual computers emulate most of the attributes of a real computer, including hardware central processing units (CPUs) and graphics processing units (GPUs) for processing; local/RAM memory; hard-disk (HDD)/SSD storage; a choice of operating systems; networking; and pre-loaded application software such as web servers, databases, and customer relationship management (CRM).

<span class="mw-page-title-main">NICE Ltd.</span> Surveillance and data analytics company in Israel

NICE Ltd. is an Israeli technology company specializing in customer relations management software, artificial intelligence, and digital and workforce engagement management. The company serves various industries, such as financial services, telecommunications, healthcare, outsourcers, retail, media, travel, service providers, and utilities.

<span class="mw-page-title-main">Salesforce</span> American software company

Salesforce, Inc. is an American cloud-based software company headquartered in San Francisco, California. It provides applications focused on sales, customer service, marketing automation, e-commerce, analytics, artificial intelligence, and application development.

<span class="mw-page-title-main">Amazon Elastic Compute Cloud</span> Cloud computing platform

Amazon Elastic Compute Cloud (EC2) is a part of Amazon's cloud-computing platform, Amazon Web Services (AWS), that allows users to rent virtual computers on which to run their own computer applications. EC2 encourages scalable deployment of applications by providing a web service through which a user can boot an Amazon Machine Image (AMI) to configure a virtual machine, which Amazon calls an "instance", containing any software desired. A user can create, launch, and terminate server-instances as needed, paying by the second for active servers – hence the term "elastic". EC2 provides users with control over the geographical location of instances that allows for latency optimization and high levels of redundancy. In November 2010, Amazon switched its own retail website platform to EC2 and AWS.

<span class="mw-page-title-main">Splunk</span> American technology company

Splunk Inc. is an American software company based in San Francisco, California, that produces software for searching, monitoring, and analyzing machine-generated data via a web-style interface. Its software helps capture, index and correlate real-time data in a searchable repository, from which it can generate graphs, reports, alerts, dashboards and visualizations.

Pegasystems Inc. (Pega) is a global software company based in Cambridge, Massachusetts, USA, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a platform for workflow automation and generative AI-powered decisioning that helps businesses move towards becoming autonomous enterprises.

<span class="mw-page-title-main">Genesys (company)</span> American technology company

Genesys Cloud Services, Inc. (Genesys), formerly Genesys Telecommunications Laboratories, Inc., is an American software company that sells customer experience (CX) and call center technology to mid-sized and large businesses. It sells both cloud-based and hybrid cloud software. The company was founded in 1990 and was acquired by investment firms Permira Funds and Technology Crossover Ventures (TCV) in February 2012.

<span class="mw-page-title-main">Criticism of Amazon</span>

Amazon has been criticized on many issues, including anti-competitive business practices, its treatment of workers, offering counterfeit or plagiarized products, objectionable content of its books, tax and subsidy deals with governments.

<span class="mw-page-title-main">Databricks</span> American software company

Databricks, Inc. is a global data, analytics, and artificial intelligence (AI) company, founded in 2013 by the original creators of Apache Spark. The company provides a cloud-based platform to help enterprises build, scale, and govern data and AI, including generative AI and other machine learning models.

Annapurna Labs is an Israeli microelectronics company. Since January 2015 it has been a wholly owned subsidiary of Amazon.com. Amazon reportedly acquired the company for its Amazon Web Services division for US$350–370M.

Snowflake Inc. is an American cloud-based data storage company. Headquartered in Bozeman, Montana, it operates a platform that allows for data analysis and simultaneous access of data sets with minimal latency. It operates on Amazon Web Services, Microsoft Azure, and Google Cloud Platform. As of November 2024, the company had 10,618 customers, including 800+ members of the Forbes Global 2000, and processed 4.2 billion daily queries across its platform.

This is a timeline of Amazon Web Services, which offers a suite of cloud computing services that make up an on-demand computing platform.

<span class="mw-page-title-main">Teresa Carlson</span>

Teresa Carlson is a Corporate Vice President and Executive-in-Residence at Microsoft and the Non-Executive Chair of KnightSwan, a special-purpose acquisition company. Previously she held the position of President and Chief Growth Officer of Splunk and Vice President for Amazon Web Services' worldwide public sector and industries businesses. Prior to working for Amazon, Carlson was Microsoft's Vice President of Federal Government business.

<span class="mw-page-title-main">History of Amazon</span>

Amazon is an American multinational technology company which focuses on e-commerce, cloud computing, and digital streaming. It has been referred to as "one of the most influential economic and cultural forces in the world", and is one of the world's most valuable brands.

The Joint Enterprise Defense Infrastructure (JEDI) contract was a large United States Department of Defense cloud computing contract which has been reported as being worth $10 billion over ten years. JEDI was meant to be a commercial off-the-shelf (COTS) implementation of existing technology, while providing economies of scale to DoD.

Kuiper Systems LLC, also known as Project Kuiper, is a subsidiary of Amazon that was established in 2019 to deploy a large satellite internet constellation to provide low-latency broadband connectivity. The name Kuiper was a company codename for the project inspired by the Kuiper belt.

<span class="mw-page-title-main">Mark Bezos</span> Jeff Bezoss brother

Marcus Jim Bezos is an American space tourist and former advertising executive. He is the half-brother of Jeff Bezos, the founder of Amazon, with whom he flew to the edge of space as part of the Blue Origin NS-16 mission on July 20, 2021.

Hugging Face, Inc. is an American company incorporated under the Delaware General Corporation Law and based in New York City that develops computation tools for building applications using machine learning. It is most notable for its transformers library built for natural language processing applications and its platform that allows users to share machine learning models and datasets and showcase their work.

References

  1. 1 2 McLaughlin, Kevin (August 4, 2015). "Andy Jassy: Amazon's $6 Billion Man". CRN. Archived from the original on February 3, 2021. Retrieved October 12, 2017.
  2. 1 2 "Andy Jassy: Amazon Web Services (AWS) CEO". montgomerysummit. Archived from the original on February 23, 2021. Retrieved February 2, 2021.
  3. 1 2 3 4 5 6 "Elana Caplan And Andrew Jassy". The New York Times. August 24, 1997. ISSN   0362-4331. Archived from the original on February 3, 2021. Retrieved February 2, 2021.
  4. 1 2 Rao, Leena (June 28, 2015). "How Andy Jassy helped Amazon own the cloud". Fortune.com. Archived from the original on February 3, 2021. Retrieved February 23, 2021.
  5. ↑ Long, Katherine Anne (February 6, 2021). "As incoming Amazon CEO Andy Jassy steps into the limelight, a portrait of a leader much like Jeff Bezos emerges". The Seattle Times. Archived from the original on March 24, 2024.
  6. ↑ Weise, Karen (February 2, 2021). "Jeff Bezos to Step Down as Amazon C.E.O." The New York Times.
  7. ↑ Haselton, Todd (February 2, 2021). "Jeff Bezos to step down as Amazon CEO, Andy Jassy to take over in Q3". CNBC.
  8. ↑ Eugene, Kim; Stewart, Ashley (January 31, 2021). "Andy Jassy will be the next CEO of Amazon. Insiders dish on what it's like to work for Jeff Bezos' successor who built AWS into a $40 billion business". Business Insider. Archived from the original on February 2, 2021. Retrieved February 3, 2021.
  9. 1 2 "Amazon's Next CEO Andy Jassy Is Jewish". The Yeshiva World News. February 7, 2021. Archived from the original on February 15, 2021. Retrieved February 14, 2021.
  10. ↑ "Amazon's next CEO Andy Jassy is Jewish". Jewish Telegraphic Agency. February 4, 2021. Retrieved February 5, 2021.
  11. ↑ Fishman, Adrienne (September 11, 2014). "Amazon's Andy Jassy '86 to be interviewed by Dr. Hagerman on Tuesday at 8pm". scarsdale10583.com. Retrieved October 12, 2017.
  12. 1 2 Tilley, Aaron (July 2, 2021). "Amazon Primed Andy Jassy to Be CEO. Can He Keep What Jeff Bezos Built?". Wall Street Journal. Retrieved July 12, 2021.
  13. ↑ "No Eds in Ads | Opinion | The Harvard Crimson". www.thecrimson.com. Retrieved April 14, 2022.
  14. 1 2 3 4 Hook, Leslie (March 17, 2016). "Person of the Year: Amazon Web Services' Andy Jassy". Financial Times. Archived from the original on February 5, 2021. Retrieved October 12, 2017.
  15. 1 2 "Andrew Jassy, Amazon.Com Inc: Profile & Biography". Bloomberg. Retrieved October 12, 2017.
  16. 1 2 "Podcast - Forum for Growth & Innovation - Harvard Business School". www.hbs.edu. Archived from the original on February 4, 2021. Retrieved February 3, 2021.
  17. ↑ Tilley, Aaron (February 2, 2021). "Who Is Andy Jassy? Jeff Bezos Acolyte Moves From Cloud to Amazon CEO". Wall Street Journal. Retrieved February 3, 2021.
  18. ↑ Novet, Jordan (April 7, 2016). "Andy Jassy is finally named CEO of Amazon Web Services". VentureBeat. Archived from the original on February 3, 2021. Retrieved October 12, 2017.
  19. ↑ Balakrishnan, Anita (April 12, 2017). "The most highly paid Amazon executive isn't the CEO — it's the head of cloud". CNBC. Retrieved October 12, 2017.
  20. 1 2 "Amazon.com, Inc. (AMZN)" . Retrieved July 26, 2020.
  21. ↑ "Notice of 2020 Annual Meeting of Shareholders & Proxy Statement" (PDF). May 22, 2020. Retrieved July 26, 2020.
  22. ↑ "AWS announces next CEO". US About Amazon. March 23, 2021. Retrieved March 27, 2024.
  23. ↑ Hartmans, Avery (November 23, 2021). "Jeff Bezos surprised Andy Jassy by picking him as Amazon CEO: VF". Business Insider. Retrieved June 3, 2022.
  24. ↑ Palmer, Annie (July 5, 2022). "first year after succeeding Bezos as Amazon CEO". CNBC. Retrieved April 8, 2023.
  25. ↑ Thorbecke, Catherine (April 1, 2022). "Amazon CEO Andy Jassy's total compensation package topped $212 million". CNN International. Retrieved April 4, 2022.
  26. ↑ "Exclusive: Amazon CEO Andy Jassy reveals AWS' strategy for building the enterprise AI platform". SiliconANGLE. December 5, 2024. Retrieved December 25, 2024.
  27. 1 2 3 Millward, Wade Tyler. "Amazon Q3 2024 Earnings: CEO Jassy Says AI 'Once In A Lifetime' Opportunity". www.crn.com. Retrieved December 25, 2024.
  28. ↑ https://finance.yahoo.com/news/amazon-com-third-quarter-2024-120304876.html
  29. ↑ "U.S. customer satisfaction with Amazon 2024". Statista. Retrieved December 25, 2024.
  30. ↑ "Meet Elana Rochelle Caplan, Amazon's next CEO Andy Jassy's fashion designer wife who loves traveling". meaww.com. February 3, 2021. Archived from the original on February 5, 2021.
  31. 1 2 McClain, James (October 14, 2020). "Amazon Web Services CEO Andy Jassy Buys Prime Santa Monica Home". Archived from the original on February 23, 2021.
  32. ↑ Neilson, Susie (February 2, 2021). "Who is Andy Jassy, the Amazon exec who will replace Jeff Bezos as CEO?". San Francisco Chronicle. Archived from the original on February 23, 2021.
  33. ↑ "Amazon's Andy Jassy Buys Santa Monica Home". The Real Deal Los Angeles. October 14, 2020. Archived from the original on February 4, 2021.
  34. ↑ "Board". Rainier Prep. Retrieved October 12, 2017.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.