Andy Jassy

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

Andy Jassy
Born (1968-01-13) January 13, 1968 (age 53)
EducationHarvard University (AB, MBA)
Known forFounding Amazon Web Services (AWS) and Amazon Music[1][2]
TitlePresident and CEO of Amazon
TermJuly 2021–present
PredecessorJeff Bezos
Board member ofAmazon
Spouse(s)Elana Caplan[3]
Children2[4]
WebsiteAndy Jassy on Twitter

Andrew R. Jassy (born January 13, 1968)[6][7] is an American businessman who has been the president and CEO of Amazon since July 5, 2021. Jassy led Amazon Web Services (AWS) since its inception in 2003.[8] He replaced Jeff Bezos as president and CEO of Amazon on July 5, 2021,[9] and Bezos became executive chairman.[10] He is one of the minority owners of the Seattle Kraken in the National Hockey League.[11]

Early life and education[edit]

Jassy is the son of Margery and Everett L. Jassy of Scarsdale, New York.[3] He is Jewish[12][13] with Hungarian ancestry.[12] His father was a senior partner in the corporate law firm Dewey Ballantine in New York, and chairman of the firm's management committee.[3] Jassy grew up in Scarsdale, and attended Scarsdale High School,[3][14] where he played varsity soccer and tennis.[11]

Jassy graduated with honors, cum laude, from Harvard College in government, where he was advertising manager of The Harvard Crimson, before earning an MBA from Harvard Business School.[15][16]

Career[edit]

Jassy worked for 5 years after graduation before entering his MBA program. He worked as a project manager for a collectibles company, MBI, and then he and an MBI colleague started a company and closed it down.[15][17]

He joined Amazon as a marketing manager in 1997,[11] with several other Harvard MBA colleagues.[17][15]

In 2003, he and Jeff Bezos came up with the idea to create the cloud computing platform that would become known as Amazon Web Services (AWS), which launched in 2006.[18] Jassy headed AWS and its team of 57 people.[1]

In March 2016, Jassy was named a Person of the Year by the Financial Times.[15] A month later, Jassy was promoted from senior vice president to CEO of AWS.[19][16] That year Jassy earned $36.6 million.[20]

In 2020, for his work as CEO of AWS, Jassy earned a base compensation of $175,000, plus a restricted stock unit award of 4,023 shares (a value of $12,104,844.93 as of July 26, 2020[21]) 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),[21] which vest 37.5% in 2021, 12.5% in 2022, 37.5% in 2023, and 12.5% in 2024.[22]

In February 2021, it was announced that Jassy would succeed Bezos as the CEO of Amazon sometime in the third quarter of 2021, with Bezos transitioning to executive chairman.[23] This took effect on July 5, 2021.[9]

Outside of his roles at Amazon, Jassy is also the chairman of Rainier Prep, a charter school in Seattle.[24]

Personal life[edit]

In 1997, Jassy married Elana Rochelle Caplan, a fashion designer for Eddie Bauer and graduate of the Philadelphia College of Textiles and Science, at the Loews Santa Monica Beach Hotel.[3] Their wedding was officiated by New York Rabbi James Brandt, a cousin of Elana.[25] Both their fathers were senior partners in law firm Dewey Ballantine.[3] They have two children.[4]

They live in the Capitol Hill neighborhood of Seattle, in a 10,000-square-foot house bought in 2009 for $3.1 million.[2][26] In October 2020, it was reported that Jassy had bought a $6.7 million 5,500-square-foot house in Santa Monica, California.[27][28][26]

References[edit]

  1. ^ a b McLaughlin, Kevin (August 4, 2015). "Andy Jassy: Amazon's $6 Billion Man". CRN. Archived from the original on February 3, 2021. Retrieved October 12, 2017.
  2. ^ a b "Andy Jassy: Amazon Web Services (AWS) CEO". montgomerysummit. Archived from the original on February 23, 2021. Retrieved February 2, 2021.
  3. ^ a b c d e f "Elana Caplan And Andrew Jassy". The New York Times. August 24, 1997. ISSN 0362-4331. Archived from the original on February 3, 2021. Retrieved February 2, 2021.
  4. ^ a b Rao, Leena (June 28, 2015). "How Andy Jassy helped Amazon own the cloud". Fortune.com. Archived from the original on February 3, 2021. Retrieved February 23, 2021.
  5. ^ Debter, Lauren (February 3, 2021). "Andy Jassy Owns More Amazon Stock Than Any Employee Except Jeff Bezos. And He's Still Not A Billionaire". Forbes. Archived from the original on February 4, 2021. Retrieved February 4, 2021.
  6. ^ "Andrew R Jassy from Seattle, WA". Nuwber. Archived from the original on February 2, 2021.
  7. ^ "Andrew R. Jassy, MBA". 4-traders.
  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. Retrieved February 3, 2021.
  9. ^ a b Peters, Jay (May 26, 2021). "Andy Jassy will become Amazon's CEO on July 5th". The Verge. Retrieved May 27, 2021.
  10. ^ "Amazon.com Announces Financial Results and CEO Transition". ir.aboutamazon.com. Archived from the original on February 2, 2021. Retrieved February 2, 2021.
  11. ^ a b c Tilley, Aaron (July 2, 2021). "Amazon Primed Andy Jassy to Be CEO. Can He Keep What Jeff Bezos Built?". Wall Street Journal. Retrieved July 12, 2021.
  12. ^ a b "Amazon's Next CEO Andy Jassy Is Jewish". February 7, 2021. Archived from the original on February 15, 2021. Retrieved February 14, 2021.
  13. ^ "Amazon's next CEO Andy Jassy is Jewish". Jewish Telegraphic Agency. Retrieved February 5, 2021.
  14. ^ Fishman, Adrienne (September 11, 2014). "Amazon's Andy Jassy '86 to be interviewed by Dr. Hagerman on Tuesday at 8pm". scarsdale10583.com. Retrieved October 12, 2017.
  15. ^ a b c d Hook, Leslie (March 17, 2016). "Person of the Year: Amazon Web Services' Andy Jassy". Financial Times. Archived from the original on February 5, 2021. Retrieved October 12, 2017.
  16. ^ a b "Andrew Jassy, Amazon.Com Inc: Profile & Biography". Bloomberg. Retrieved October 12, 2017.
  17. ^ a b "Podcast - Forum for Growth & Innovation - Harvard Business School". www.hbs.edu. Archived from the original on February 4, 2021. Retrieved February 3, 2021.
  18. ^ Tilley, Aaron (February 2, 2021). "Who Is Andy Jassy? Jeff Bezos Acolyte Moves From Cloud to Amazon CEO". Wall Street Journal. Retrieved February 3, 2021.
  19. ^ Novet, Jordan (April 7, 2016). "Andy Jassy is finally named CEO of Amazon Web Services". VentureBeat. Archived from the original on February 3, 2021. Retrieved October 12, 2017.
  20. ^ Balakrishnan, Anita (April 12, 2017). "The most highly paid Amazon executive isn't the CEO — it's the head of cloud". CNBC. Retrieved October 12, 2017.
  21. ^ a b "Amazon.com, Inc. (AMZN)". Retrieved July 26, 2020.
  22. ^ "Notice of 2020 Annual Meeting of Shareholders & Proxy Statement" (PDF). May 22, 2020. Retrieved July 26, 2020.
  23. ^ Haselton, Todd (February 2, 2021). "Jeff Bezos to step down as Amazon CEO, Andy Jassy to take over in Q3". CNBC.
  24. ^ "Board". Rainier Prep. Retrieved October 12, 2017.
  25. ^ "Meet Elana Rochelle Caplan, Amazon's next CEO Andy Jassy's fashion designer wife who loves traveling". meaww.com. Archived from the original on February 5, 2021.
  26. ^ a b McClain, James (October 14, 2020). "Amazon Web Services CEO Andy Jassy Buys Prime Santa Monica Home". Archived from the original on February 23, 2021.
  27. ^ Neilson, Susie (February 2, 2021). "Who is Andy Jassy, the Amazon exec who will replace Jeff Bezos as CEO?". San Francisco Chronicle. Archived from the original on February 23, 2021.
  28. ^ "Amazon's Andy Jassy Buys Santa Monica Home". The Real Deal Los Angeles. October 14, 2020. Archived from the original on February 4, 2021.