Tuesday, July 27

Andy Jassy

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Amazon’s big leadership shift and other major exec moves

Hello, and welcome to the latest edition of the Insider Tech weekly newsletter, where we break down the biggest news in tech, including: Alexei is out on vacation this week, so it's Jillian D'Onfro, enterprise tech editor, here to fill you in.Did someone forward this newsletter to you? Sign up here.This week: Jeff Bezos officially gave up the Amazon throne Andy Jassy and Adam Sel...
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7 numbers show just how staggeringly huge Jeff Bezos made Amazon in his 27 years as CEO

After 27 years, Jeff Bezos is handing over the job of Amazon CEO to Andy Jassy. In the company's first full financial year, it made just $511,000 in sales. Last year, Amazon made $386 billion and employed more than a million people. See more stories on Insider's business page. Amazon founder Jeff Bezos is stepping down from his job as CEO today after leading the company for 27 years.The date is "sentimental," he explained during his last earnings call before Andy Jassy took over. It was the date Bezos incorporated Amazon in 1994.In that time, he helped bring the idea ecommerce from a whiteboard concept to an everyday reality for mi...
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As Jeff Bezos steps down, a single line from his first Amazon job ad posted 27 years ago tells you everything about his obsession with speed

Twenty-seven years ago, Jeff Bezos posted Amazon's first-ever job ad. It tells you everything you need to know about his obsession with speed. As Bezos steps down as CEO, his successor, Andy Jassy, ​​will likely continue this obsession. Visit the Business section of Insider for more stories. Amazon's motto may be "customer obsession," but it has another infatuation — speed.Amazon's brand identity has long rested on the promise of getting parcels to customers as quickly as possible. Its founder Jeff Bezos stepped down as CEO on Monday, to take on the role of executive chairman, but it seems unlikely this ethos will change.Andy Jassy...
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How Andy Jassy got his start as Jeff Bezos”shadow’ before building AWS into a $40 billion business and getting tapped as the next CEO of Amazon

Andy Jassy will take over as Amazon CEO on July 5, 2021. Jassy has been at Amazon since 1997 and built AWS into a $40 billion business. He's a huge sports fan, loves beef jerky, and is known as a kind but exacting leader. See more stories on Insider's business page. On July 5, Andy Jassy will become only the second CEO in Amazon's history. The 53-year-old Amazon veteran is taking over the top job after 15 years spent growing Amazon's cloud unit into a $40 billion business. Once Amazon founder Jeff Bezos passes the torch, Jassy will oversee one of the world's most valuable companies and one of its largest employers. Known for his ...