Andy Jassy
Andy Jassy | |
---|---|
CEO of Amazon | |
Term | July 2021–present |
Predecessor | Jeff Bezos |
Board member of | Amazon |
Spouse |
Elana Caplan (m. 1997)Twitter |
Signature | |
Andrew R. Jassy (born January 13, 1968)[5][6] is an American business executive who is the president and chief executive officer (CEO) of Amazon. Before being appointed by Jeff Bezos and the Amazon board during the fourth quarter of 2020,[7][8] Jassy had been the SVP and CEO of Amazon Web Services from 2003 to 2021.[9]
Early life and education
Jassy is the son of Margery and Everett L. Jassy of Scarsdale, New York.[3] A Jew,[10][11] with Hungarian ancestry,[10] 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][12] where he played varsity soccer and tennis.[13]
Jassy graduated
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.[15][17]
Jassy joined Amazon as a marketing manager in 1997[13] with several other Harvard MBA colleagues.[17][15] 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.[18] Jassy headed it and its team of 57 people.[1]
In 2016, Jassy was named Person of the Year by the Financial Times.[15] A month later, Jassy was promoted from senior vice president to chief executive officer of Amazon Web Services (AWS).[19][16] That year Jassy earned $36.6 million.[20]
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[21]) 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),[21] which vest 37.5% in 2021, 12.5% in 2022, 37.5% in 2023, and 12.5% in 2024.[22] He was succeeded as CEO of AWS by Adam Selipsky.[23]
In January 2021, Bezos designated Jassy his official successor as CEO;[24] with the transition occurring on July 5, 2021.[25] 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.[26]
Personal life
In 1997, Jassy married Elana Rochelle Caplan, a fashion designer for
They live in the Capitol Hill neighborhood of Seattle in a 10,000-square-foot house bought in 2009 for $3.1 million.[2][28] In October 2020, it was reported that Jassy had bought a $6.7 million 5,500-square-foot house in Santa Monica.[29][30][28]
He is chairman of Rainier Prep, a charter school in Seattle.[31]
References
- ^ a b 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.
- ^ a b "Andy Jassy: Amazon Web Services (AWS) CEO". montgomerysummit. Archived from the original on February 23, 2021. Retrieved February 2, 2021.
- ^ ISSN 0362-4331. Archived from the originalon February 3, 2021. Retrieved February 2, 2021.
- ^ Fortune.com. Archived from the originalon February 3, 2021. Retrieved February 23, 2021.
- ^ "Andrew R Jassy from Seattle, WA". Nuwber. Archived from the original on February 2, 2021.
- ^ "Andrew R. Jassy, MBA". 4-traders.
- ^ Weise, Karen (February 2, 2021). "Jeff Bezos to Step Down as Amazon C.E.O." The New York Times.
- ^ Haselton, Todd (February 2, 2021). "Jeff Bezos to step down as Amazon CEO, Andy Jassy to take over in Q3". CNBC.
- ^ 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.
- ^ a b "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.
- ^ "Amazon's next CEO Andy Jassy is Jewish". Jewish Telegraphic Agency. February 4, 2021. Retrieved February 5, 2021.
- ^ 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.
- ^ a b 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.
- ^ "No Eds in Ads | Opinion | The Harvard Crimson". www.thecrimson.com. Retrieved April 14, 2022.
- ^ a b c d 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.
- ^ a b "Andrew Jassy, Amazon.Com Inc: Profile & Biography". Bloomberg. Retrieved October 12, 2017.
- ^ a b "Podcast - Forum for Growth & Innovation - Harvard Business School". www.hbs.edu. Archived from the original on February 4, 2021. Retrieved February 3, 2021.
- ^ 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.
- ^ 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.
- ^ 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.
- ^ a b "Amazon.com, Inc. (AMZN)". Retrieved July 26, 2020.
- ^ "Notice of 2020 Annual Meeting of Shareholders & Proxy Statement" (PDF). May 22, 2020. Retrieved July 26, 2020.
- ^ "AWS announces next CEO". US About Amazon. March 23, 2021. Retrieved March 27, 2024.
- ^ Hartmans, Avery (November 23, 2021). "Jeff Bezos surprised Andy Jassy by picking him as Amazon CEO: VF". Business Insider. Retrieved June 3, 2022.
- ^ Palmer, Annie (July 5, 2022). "first year after succeeding Bezos as Amazon CEO". CNBC. Retrieved April 8, 2023.
- ^ Thorbecke, Catherine (April 1, 2022). "Amazon CEO Andy Jassy's total compensation package topped $212 million". CNN International. Retrieved April 4, 2022.
- ^ "Meet Elana Rochelle Caplan, Amazon's next CEO Andy Jassy's fashion designer wife who loves traveling". meaww.com. Archived from the original on February 5, 2021.
- ^ a b McClain, James (October 14, 2020). "Amazon Web Services CEO Andy Jassy Buys Prime Santa Monica Home". Archived from the original on February 23, 2021.
- ^ 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.
- ^ "Amazon's Andy Jassy Buys Santa Monica Home". The Real Deal Los Angeles. October 14, 2020. Archived from the original on February 4, 2021.
- ^ "Board". Rainier Prep. Retrieved October 12, 2017.