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Amazon: Meet Jeff Bezos's successor

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Summary | 5 Annotations
Andy Jassy is not a household name. He is, though, about to take on one of the biggest jobs in global business - replacing Jeff Bezos as chief executive of Amazon.Accompanying the appointment of a new football manager comes endless speculation. What will the style of play be? Are they the right fit at the club? Can they manage the big stars?
2021/02/03 13:41
Mr Jassy has been at the company for 23 years, conducted plenty of interviews, and has been pretty open about what makes him tick. He also runs its most lucrative business - Amazon Web Services (AWS).
2021/02/03 13:41
Google and Microsoft got into the game later - and now offer similar services. However, there's a clear market leader in the field, and that's Amazon.According to one estimate, AWS accounts for about a third of worldwide cloud infrastructure spend.It's a long way away from where Amazon started - as an online shop selling books.
2021/02/03 13:41
Mr Jassy, who founded AWS in 2003, nurtured this side-bet of Amazon's into a money-spinner - and became the obvious successor to Mr Bezos.And the way Mr Jassy has relentlessly developed AWS is strikingly similar to the way Mr Bezos went about building Amazon, and he is most certainly moulded in his predecessor's image.
2021/02/03 13:41
It's not uncommon for a hyper-rich founder to do this - there are precedents. Think of Sergey Brin and Larry Page at Google or Bill Gates at Microsoft. Those two companies have done fantastically well under Sundar Pichai and Satya Nadella respectively. And Mr Bezos is not leaving, remember. He'll be less involved in running the everyday aspects of the company, but Amazon is still his baby, he'll still be the most influential person in whichever room he finds himself at the company.
2021/02/03 13:41