Jeff Bezos will step down later this year, turning over the reins of the world's largest e-commerce company to Andy Jassy, a longtime lieutenant who runs Amazon Web Services
Jassy started with the company in 1997. He shaped AWS from inception and was made head of the division in 2016.
While most people know Amazon for its e-commerce operations, AWS typically accounts for the largest chunk of Amazon's revenue. It brought in $12.7 billion in net sales in the fourth quarter.
AWS dominates the market for cloud services, accounting for around a third of the market share. The division provides businesses with database storage and cloud computing services, including support for machine learning and artificial intelligence endeavors.
The company is reaping huge profits as consumers, locked at home because of the COVID-19 crisis, become more reliant on both e-commerce and online services.
https://www.cnet.com/news/amazons-jeff-bezos-will-pass-ceo-role-to-andy-jassy-as-company-reports-record-profit/
Jassy started with the company in 1997. He shaped AWS from inception and was made head of the division in 2016.
While most people know Amazon for its e-commerce operations, AWS typically accounts for the largest chunk of Amazon's revenue. It brought in $12.7 billion in net sales in the fourth quarter.
AWS dominates the market for cloud services, accounting for around a third of the market share. The division provides businesses with database storage and cloud computing services, including support for machine learning and artificial intelligence endeavors.
The company is reaping huge profits as consumers, locked at home because of the COVID-19 crisis, become more reliant on both e-commerce and online services.
https://www.cnet.com/news/amazons-jeff-bezos-will-pass-ceo-role-to-andy-jassy-as-company-reports-record-profit/