
Andy Jassy
CEO of Amazon
Education
- Graduate - Harvard College
- MBA - Harvard Business School
Overview
Andy Jassy is the President and CEO of Amazon,Inc.(AMZN) .
Jassy worked for five years after graduation before entering his MBA program as a project manager for a collectibles company, MBI, and then he and an MBI colleague started a company and closed it down.
Jassy joined Amazon as a marketing manager in 1997 with several other Harvard MBA colleagues. In 2003, he and Jeff Bezos came up with the idea to create the cloud computing platform that became known as Amazon Web Services, which launched in 2006. Jassy headed it and its team of 57 people.
In 2016, Jassy was named Person of the Year by the Financial Times. A month later, Jassy was promoted from senior vice president to chief executive officer of Amazon Web Services (AWS). That year Jassy earned $36.6 million.
For his work as CEO of AWS, Jassy earned a base compensation of $175,000 in 2020, plus a restricted stock unit award of 4,023 shares (a value of $12,104,844.93 as of July 26, 2020 of Amazon with vesting beginning in 2023. He also received a restricted stock unit award in April 2018 for 10,000 shares (a value of $30,089,100 as of July 26, 2020), which vest 37.5% in 2021, 12.5% in 2022, 37.5% in 2023, and 12.5% in 2024. He was succeeded as CEO of AWS by Adam Selipsky.
In January 2021, Bezos designated Jassy his official successor as CEO; with the transition occurring on July 5, 2021. As CEO of Amazon, Jassy received a ten year pay package totaling $212.7 million. The majority of the compensation package is in stock and vests over 10 years.
Early Life
Andy Jassy was born on 13 January 1968, New York, United States.
Career
- Amazon,Inc - CEO
- Amazon,Inc - president