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Andy Jassy

From Wikipedia, the free encyclopedia
American business executive (born 1968)

Andy Jassy
Jassy in 2021
Born (1968-01-13)January 13, 1968 (age 57)
EducationHarvard University (BA,MBA)
Known forFoundingAmazon Web Services (AWS) andAmazon Music[1][2]
TitlePresident andCEO ofAmazon
TermJuly 2021–present
PredecessorJeff Bezos
Board member ofAmazon
Spouse
Elana Caplan
(m. 1997)
[3]
Children2[4]
WebsiteAndy Jassy onTwitter
Signature

Andrew R. Jassy (born January 13, 1968)[5] is an American business executive who is the president and chief executive officer ofAmazon. Before being appointed byJeff Bezos and the Amazon board during the fourth quarter of 2020,[6][7] Jassy had been the SVP and CEO ofAmazon Web Services from 2003 to 2021.[8]

Early life and education

[edit]

Jassy is the son of Margery and Everett L. Jassy ofScarsdale, New York.[3] Of Jewish[9][10]Hungarian ancestry,[9] his father was a senior partner in thecorporate law firmDewey Ballantine in New York City, and chairman of the firm's management committee.[3] Jassy grew up inScarsdale, and attendedScarsdale High School,[3][11] where he played varsity soccer and tennis.[12]

Jassy graduatedcum laude fromHarvard College in government, where he was advertising manager ofThe Harvard Crimson, before earning an MBA fromHarvard Business School. In 1989, he wrote inThe Crimson that the newspaper should continue to publish advertisements fromEastern Air Lines, despite an ongoinglabor dispute there.[13][14][15]

Career

[edit]

Jassy worked for five years after graduation before entering his MBA program as a project manager for acollectibles company,MBI, and then he and an MBI colleague started a company and closed it down.[14][16]

Jassy joined Amazon as a marketing manager in 1997.[12] In 2003, he andJeff Bezos came up with the idea to create thecloud computing platform that became known asAmazon Web Services, which launched in 2006.[17] Jassy headed it and its team of 57 people.[1]

Jassy in 2016

In 2016, Jassy was named Person of the Year by theFinancial Times.[14] A month later, Jassy was promoted from senior vice president to chief executive officer of Amazon Web Services (AWS).[18][15] That year Jassy was paid $36.6 million.[19]

Jassy was a member of theNational Security Commission on Artificial Intelligence (NSCAI) that was established in 2018 and issued its final report in March 2021.[20][21]

In January 2021, Bezos designated Jassy his official successor as CEO;[22] with the transition occurring on July 5, 2021.[23] 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.[24]

As of 2024, Jassy has been emphasizing the company's focus on artificial intelligence (AI).[25] The company announced plans to spend more than $75 billion on capital expenditures in 2025, with most of that investment directed towards AWS and generative AI.[26]

Personal life

[edit]

In 1997, Jassy married Elana Rochelle Caplan, a fashion designer forEddie Bauer and graduate of thePhiladelphia College of Textiles and Science, at aLoews Hotel inSanta Monica, California.[3] Their wedding was officiated by New York reform Rabbi James Brandt, a cousin of Elana.[27] Both their fathers were senior partners in law firmDewey Ballantine.[3] Jassy and Caplan have two children.[4]

They live in theCapitol Hill neighborhood ofSeattle in a 10,000-square-foot house bought in 2009 for $3.1 million.[2][28] In October 2020, it was reported that Jassy had bought a $6.7 million 5,500-square-foot house in Santa Monica.[29][30][28]

He is chairman of Rainier Prep, acharter school in Seattle.[31]

References

[edit]
  1. ^abMcLaughlin, Kevin (August 4, 2015)."Andy Jassy: Amazon's $6 Billion Man".CRN.Archived from the original on February 3, 2021. RetrievedOctober 12, 2017.
  2. ^ab"Andy Jassy: Amazon Web Services (AWS) CEO".montgomerysummit. Archived fromthe original on February 23, 2021. RetrievedFebruary 2, 2021.
  3. ^abcdef"Elana Caplan And Andrew Jassy".The New York Times. August 24, 1997.ISSN 0362-4331. Archived fromthe original on February 3, 2021. RetrievedFebruary 2, 2021.
  4. ^abRao, Leena (June 28, 2015)."How Andy Jassy helped Amazon own the cloud".Fortune.com. Archived fromthe original on February 3, 2021. RetrievedFebruary 23, 2021.
  5. ^Long, Katherine Anne (February 6, 2021)."As incoming Amazon CEO Andy Jassy steps into the limelight, a portrait of a leader much like Jeff Bezos emerges".The Seattle Times.Archived from the original on March 24, 2024.
  6. ^Weise, Karen (February 2, 2021)."Jeff Bezos to Step Down as Amazon C.E.O."The New York Times.
  7. ^Haselton, Todd (February 2, 2021)."Jeff Bezos to step down as Amazon CEO, Andy Jassy to take over in Q3".CNBC.
  8. ^Eugene, Kim; Stewart, Ashley (January 31, 2021)."Andy Jassy will be the next CEO of Amazon. Insiders dish on what it's like to work for Jeff Bezos' successor who built AWS into a $40 billion business".Business Insider.Archived from the original on February 2, 2021. RetrievedFebruary 3, 2021.
  9. ^ab"Amazon's Next CEO Andy Jassy Is Jewish".The Yeshiva World News. February 7, 2021. Archived fromthe original on February 15, 2021. RetrievedFebruary 14, 2021.
  10. ^"Amazon's next CEO Andy Jassy is Jewish".Jewish Telegraphic Agency. February 4, 2021. RetrievedFebruary 5, 2021.
  11. ^Fishman, Adrienne (September 11, 2014)."Amazon's Andy Jassy '86 to be interviewed by Dr. Hagerman on Tuesday at 8pm".scarsdale10583.com. RetrievedOctober 12, 2017.
  12. ^abTilley, Aaron (July 2, 2021)."Amazon Primed Andy Jassy to Be CEO. Can He Keep What Jeff Bezos Built?".Wall Street Journal. RetrievedJuly 12, 2021.
  13. ^"No Eds in Ads | Opinion | The Harvard Crimson".www.thecrimson.com. RetrievedApril 14, 2022.
  14. ^abcHook, Leslie (March 17, 2016)."Person of the Year: Amazon Web Services' Andy Jassy".Financial Times.Archived from the original on February 5, 2021. RetrievedOctober 12, 2017.
  15. ^ab"Andrew Jassy, Amazon.Com Inc: Profile & Biography".Bloomberg. RetrievedOctober 12, 2017.
  16. ^"Podcast - Forum for Growth & Innovation - Harvard Business School".www.hbs.edu.Archived from the original on February 4, 2021. RetrievedFebruary 3, 2021.
  17. ^Tilley, Aaron (February 2, 2021)."Who Is Andy Jassy? Jeff Bezos Acolyte Moves From Cloud to Amazon CEO".Wall Street Journal. RetrievedFebruary 3, 2021.
  18. ^Novet, Jordan (April 7, 2016)."Andy Jassy is finally named CEO of Amazon Web Services".VentureBeat.Archived from the original on February 3, 2021. RetrievedOctober 12, 2017.
  19. ^Balakrishnan, Anita (April 12, 2017)."The most highly paid Amazon executive isn't the CEO — it's the head of cloud". CNBC. RetrievedOctober 12, 2017.
  20. ^Simonite, Tom."This Group Pushed More AI in US Security—and Boosted Big Tech".Wired.ISSN 1059-1028. RetrievedFebruary 4, 2025.
  21. ^Shead, Sam (March 2, 2021)."U.S. is 'not prepared to defend or compete in the A.I. era,' says expert group chaired by Eric Schmidt".CNBC. RetrievedFebruary 4, 2025.
  22. ^Hartmans, Avery (November 23, 2021)."Jeff Bezos surprised Andy Jassy by picking him as Amazon CEO: VF".Business Insider. RetrievedJune 3, 2022.
  23. ^Palmer, Annie (July 5, 2022)."first year after succeeding Bezos as Amazon CEO".CNBC. RetrievedApril 8, 2023.
  24. ^Thorbecke, Catherine (April 1, 2022)."Amazon CEO Andy Jassy's total compensation package topped $212 million".CNN International. RetrievedApril 4, 2022.
  25. ^"Exclusive: Amazon CEO Andy Jassy reveals AWS' strategy for building the enterprise AI platform".SiliconANGLE. December 5, 2024. RetrievedDecember 25, 2024.
  26. ^Millward, Wade Tyler."Amazon Q3 2024 Earnings: CEO Jassy Says AI 'Once In A Lifetime' Opportunity".www.crn.com. RetrievedDecember 25, 2024.
  27. ^"Meet Elana Rochelle Caplan, Amazon's next CEO Andy Jassy's fashion designer wife who loves traveling".meaww.com. February 3, 2021. Archived fromthe original on February 5, 2021.
  28. ^abMcClain, James (October 14, 2020)."Amazon Web Services CEO Andy Jassy Buys Prime Santa Monica Home". Archived fromthe original on February 23, 2021.
  29. ^Neilson, Susie (February 2, 2021)."Who is Andy Jassy, the Amazon exec who will replace Jeff Bezos as CEO?".San Francisco Chronicle. Archived fromthe original on February 23, 2021.
  30. ^"Amazon's Andy Jassy Buys Santa Monica Home".The Real Deal Los Angeles. October 14, 2020. Archived fromthe original on February 4, 2021.
  31. ^"Board". Rainier Prep. RetrievedOctober 12, 2017.
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