Who is Jassy and what will he do in Amazon (after banning Parler)
The current head of AWS, Andy Jassy, will take over as CEO of Amazon in place of Jeff Bezos starting in July. Here is Jassy's resume and how much he has earned so far
"It's a shark that will smell a drop of blood from 100 miles away if you're not ready."
This is how one of the Amazon employees Andy Jassy, the future CEO of the web giant, defined him to Business Insider .
Yesterday, Amazon founder and CEO Jeff Bezos announced that he will hand over the helm of the tech giant to Andy Jassy in the third quarter of this year.
That's who Andy Jassy is, who has been with Amazon for 24 years and one of its most powerful executives, who sits at the helm of AWS (Amazon Web Services), Amazon's lucrative cloud unit.
BEZOS LEAVES THE AMAZON GUIDE
On Tuesday, founder and CEO Jeff Bezos said he will step down as CEO of Amazon, leaving the helm of the company he founded 27 years ago.
Bezos will transition to the role of executive chairman in the third quarter of this year, which begins on July 1, the company said. Andy Jassy, CEO of Amazon Web Services, will take over as CEO of Amazon.
WHO IS JASSY, FUTURE CEO OF AMAZON
A Harvard economics graduate, Jassy joined Amazon in 1997, the year of his Wall Street debut.
Jassy quickly climbed the hierarchy of the group and at one point was Bezos' first "shadow" consultant, a quasi-chief of staff who attended every CEO meeting. Plus the head of Amazon Web Services is one of Amazon's highest-paid executives, having earned more than $ 20 million in the past three years, but it's his time at AWS, which he has helped build from scratch since 2003, that really sets it apart. Jassy as one of the most established and influential figures in the world of corporate technology.
AWS GROWTH WITH JASSY
In less than two decades, AWS has grown to be a huge company generating over $ 40 billion in annual revenue and the de facto leader in cloud computing with over 30% market share.
As Quartz points out, because Amazon was first to market, it has established itself as a leader in cloud computing. It still does today, powering “hundreds of thousands of businesses in 190 countries around the world,” the company says.
It is also a key source of Amazon's profitability: AWS is responsible for more than 60% of Amazon's operating profits, although its sales are only 13% of the total.
HIS DECISION TO BAND PARLER
According to Business Insider , Jassy was responsible for the decision to cut the Parler social media app from Amazon's cloud hosting service. Just like Google and Apple have removed the platform from their app stores. Big tech moves come after Parler posts encouraging violence with chaos that culminated in the January 6 assault on the Capitol in Washington.
"Parler has not taken adequate measures to address the proliferation of these security threats to people," Amazon said, justifying the removal of the social media from its AWS server.
By banning Parler, Amazon has ignited the debate over the power and influence of the tech industry on public discourse, Business Insider points out.
NO RETRACTION ON THE HORIZON
As Nbc News points out, the announcement of the change at the top of Amazon has set off a wake-up call on Wall Street and across the business community, even though the transition does not necessarily portend any significant change for Amazon's business.
Amazon posted a year of record growth on Tuesday, including a 38% increase in net sales from 2019, earning $ 21 billion, nearly double the previous year. Investors didn't seem upset by the news either. Amazon's share price rose about 1.5% after the announcement.
THE CHALLENGES THAT HE WILL HAVE TO FACE
“He is deeply immersed in technology and a very experienced executive in his own right,” said Gartner analyst Ed Anderson. But it will also face many challenges.
"Amazon's size makes some industries, some governments uncomfortable, and Andy Jassy will have to deal with the consequences," Anderson said. "It will be a part of the new era of his leadership."
THE SCRUTINIO OF THE ANTITRUST
Amazon's size and business practices have raised antitrust questions from US and EU regulators. ( Here the in-depth analysis by Start on the investigation launched by the European Commission on Amazon last November )
It should not be forgotten that Bezos also testified before the US House Judiciary Committee last July , where he addressed questions about the company's competitive practices. Including allegations of pricing competitors on its platform and using third-party vendor data to inform the sale of its products.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/mondo/chi-e-andy-jassy-e-cosa-fara-in-amazon-parler/ on Wed, 03 Feb 2021 12:57:19 +0000.