Image credits: Bryan Angelo
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News Article

Amazon Taps in Andy Jassy

By Sofía Hanna | Wed, 02/03/2021 - 19:09

On Feb. 2, Jeff Bezos announced that he would step down as Amazon’s CEO to become Executive Chair of the Amazon Board in 3Q21. Bezos announced that Andy Jassy, who joined Amazon in 1997 as a technical assistant, would be becoming CEO of the company. 

“I find my work meaningful and fun. I get to work with the smartest, most talented, most ingenious teammates... As much as I still tap dance into the office, I am excited about this transition. Millions of customers depend on us for our services, and more than a million employees depend on us for their livelihoods. Being the CEO of Amazon is a deep responsibility and it is consuming,” Bezos said in a memo sent to all Amazon employees. As Executive Chair, the former CEO will be able to engage in other important initiatives for Amazon. He added that people should not worry as “Amazon could not better positioned for the future.”

What does it mean for the company and who will replace Jassy to run AWS? After a stellar job building AWS, as Holger Mueller, Senior Analyst at Constellation Research, stated in a Tech Crunch article, Jassy will now lead Amazon. Since 1997, he has been close to Bezos and eventually took AWS to where it is now, handling controversies involving Amazon, reported Forbes. Analysts mention that Jassy’s promotion has been coming for some time now. “Jassy is the second most public-facing figure at Amazon and has led one of its most successful business units. Bezos can go out on a high and focus on his many other ventures,” said Alex Smith, Vice President of Channels at the analysis firm Canalys. Jassy’s presence in the cloud and tech sector is also something that will come in benefit to Amazon, as he is considered one of the most potent leaders in the world of business, according to Dan Ives, Analyst at Wedbush Securities, in a Forbes article.

According to TechCrunch, names are already in the air for Jassy’s replacement. Among them, Peter DeSantis, Vice President of Global Infrastructure, and Matt Garman, Vice President of Sales and Marketing. There have also been rumors that it could even be someone external to the company.

Amazon’s footprint in Mexico has been expanding significantly over the last few years. MBN previously reported that the company invested US$100 million to strengthen its logistics and have a reliable infrastructure network, which could lead to further investment in the long term. The company is also opening a new logistics center in Yucatan to grow its presence in the southeast, MBN reported.

The data used in this article was sourced from:  
Forbes, MBN, NBC, Tech Crunch, Amazon
Photo by:   Bryan Angelo, Unsplash
Sofía Hanna Sofía Hanna Junior Journalist and Industry Analyst