Andy Jassy, Chief Executive Officer of Incoming Amazon.com Inc., is making a name for himself outside of the shaky world of cloud computing. But for much of the last decade, he was arguably the most important person in the tech industry.
The Amazon Web Services unit he leads has reshaped the way companies buy technology by simplifying computer services into their constituent parts and essentially making them available for rent over the Internet. The company was initially laid off by enterprise software giants like Oracle Inc. before that company and others quickly tried to emulate elements of the AWS strategy.
In the same earnings report in which Amazon said 53-year-old Jassy would succeed Jeff Bezos later that year, the company reported that AWS had fourth-quarter revenue of $ 12.7 billion, which the Unit into a $ 50 billion annual business.
“Andy brings with him the first principles that have always been part of what has made Amazon successful. He tries deeply to understand the end customer, creates building blocks that other people can build from, and is then good at iterating quickly”, said Matt McIlwain. a chief executive of Madrona Venture Group in Seattle who has closely followed the rise of Amazon. “He’s watched Jeff approach problems. It’s very important because there are a lot of things that are deeply rooted in Amazon’s culture.”
Jassy ran AWS even before it launched its first major services in 2006. Cloud computing was not a natural area for Amazon, at the time almost exclusively an online retail company. Amazon’s expertise in creating digital systems and running its own, sometimes cumbersome, technology gave Bezos, Jassy, and other executives the confidence to come up with an answer to problems that confuse other large corporate technology buyers.
AWS’s early customers were primarily startups, and Amazon quietly built the business through trial and error and placed the device in an overall category of financial results. By the time Amazon announced the unit’s revenue in 2015, AWS was already on its way to eliminating the incumbent business technology companies. Researcher Gartner Inc. estimates that Amazon had a 45% market share in Infrastructure as a Service as of 2019. This is the latest data.
Jassy was named CEO of AWS as part of a reorganization that saw longtime logistics and retail manager Jeff Wilke take control of Amazon’s retail division. When Wilke announced his resignation last year, Jassy Bezos was the obvious successor.
Jassy joined Amazon in 1997 after attending Harvard Business School. Early in his career, he was the first technical advisor to Bezos, a kind of chief of staff, attending all senior management meetings and advising on a wide variety of issues.
Whether by nature or this experience as Bezos’ “shadow”, Jassy is eerily similar to his boss, say current and former colleagues. He introduced Amazon’s preference for strict data-driven decision-making in AWS and is known to intervene in meetings when executives pursue tangents unrelated to customer satisfaction. Colleagues say he is precise and can remember small details from previous meetings.
Jassy is also known as an occasional micromanager on projects that are close to his heart, another trait he shares with Bezos. His challenge as CEO will be to understand the consumer and logistics areas of the business and know about AWS.
Jassy has shown a passion for social and philanthropic issues over the years that are not often associated with the sometimes determined founding CEO of Amazon. He’s long devoted to a Seattle nonprofit helping low-income students get into top schools. When homelessness became a pervasive problem in Amazon’s hometown, Jassy quietly walked around town with the company’s local councilor to determine the extent of the crisis.
Raised in the New York City area, he remains an avid New York sports fan and holds a minority stake in the Seattle Kraken National Hockey League expansion.
(Except for the headline, this story was not edited by GossipMantri staff and posted from a syndicated feed.)